Area
India
Commodity Group
Oilseeds, oils and meals
Commodity
Oilseeds
Date
01/06/2020
Policy Category
Production
Policy Instrument
Production support
Description
Raised the minimum support prices (MSP) of Kharif crops including soybeans, groundnut sunflowerseed, sesameseed and nigerseed for marketing year 2020/21.
Notes
INDIA minimum support prices: On 1 June, to ensure remunerative prices for growers, the Union Cabinet approved increases in the minimum support prices (MSP) for all Kharif crops for marketing year 2020/21. The support prices for soybeans, groundnuts, sunflowerseed, sesameseed and nigerseed were set at, respectively, INR 38 800, 52 750, 58 850, 68 550 and 66 950 per tonne (or USD 516, 701, 782, 911 and 890). Compared to last season, the support prices for the two key oilcrops, soybeans and groundnuts, have been raised by 5 percent and 4 percent, respectively.
