Punjab seeks Rs 1015 as wheat MSP for next season
Punjab government has asked the Commission for Agricultural Cost and Prices to fix Minimum Support Price for wheat at Rs 1015 per quintal for the next rabi season.
By PTI |
LUDHIANA: Keeping in view the rising input cost and declining profitability, Punjab government has asked the Commission for Agricultural Cost and Prices (CACP) to fix Minimum Support Price for wheat at Rs 1015 per quintal for the next rabi season.
"We have suggested the CACP to raise MSP for wheat to Rs 1015 per quintal for the rabi season 2007-08 compared to the MSP, including bonus of Rs 850 per quintal given to farmers during rabi season of 2006-07," a senior officer in the state Agriculture Department told media.
Last year, Punjab, which is the food bowl of the country, had asked CACP to fix Rs 900 as MSP for wheat.
While terming it as "realistic price" for farmers, the state government told senior officials of CACP, in a recently held meeting, that the demanded MSP of Rs 1015 has been arrived after taking several factors into consideration, including increasing seed cost, fertilisers cost, cost of spraying insecticides and pesticides.
"Presently a farmer in Punjab has to spend Rs 825 per quintal as cost for producing wheat and it has been rising at a rate of 10 per cent every year," an official at Punjab State Farmers' Commission said.
Moreover, the profitability under wheat production has come down to 33 per cent in 2005-06 from 67 per cent in 2001-02, due to low productivity and non-remunerative prices.
Besides wheat, the state government has also suggested CACP to fix Rs 925 per quintal as MSP for barley, Rs 3153 for gram and Rs 2600 per quintal for mustard seed.
"We have suggested the CACP to raise MSP for wheat to Rs 1015 per quintal for the rabi season 2007-08 compared to the MSP, including bonus of Rs 850 per quintal given to farmers during rabi season of 2006-07," a senior officer in the state Agriculture Department told media.
Last year, Punjab, which is the food bowl of the country, had asked CACP to fix Rs 900 as MSP for wheat.
While terming it as "realistic price" for farmers, the state government told senior officials of CACP, in a recently held meeting, that the demanded MSP of Rs 1015 has been arrived after taking several factors into consideration, including increasing seed cost, fertilisers cost, cost of spraying insecticides and pesticides.
"Presently a farmer in Punjab has to spend Rs 825 per quintal as cost for producing wheat and it has been rising at a rate of 10 per cent every year," an official at Punjab State Farmers' Commission said.
Moreover, the profitability under wheat production has come down to 33 per cent in 2005-06 from 67 per cent in 2001-02, due to low productivity and non-remunerative prices.
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Besides wheat, the state government has also suggested CACP to fix Rs 925 per quintal as MSP for barley, Rs 3153 for gram and Rs 2600 per quintal for mustard seed.
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