The Indian Cabinet released the MSP minimum purchase price for the 2021/22 autumn harvest crops on June 10. In order to ensure that growers receive remunerative prices for their agricultural products, the MSP of various autumn harvest crops in 2021/22 continues to increase year-on-year.
In 2021/22, the MSP of India’s medium-fiber cotton is 5,726 rupees/quintal, a year-on-year increase of 211 rupees, an increase of 3.8%, and the MSP of long-staple cotton is 6,025 rupees/quintal. quintal, a year-on-year increase of 200 rupees, or 3.4%.
The Indian Cabinet stated that the increase in MSP for marketing crops in 2021/22 is in line with the union budget 2018/19 and that the MSP level will be at least 1.5 times the all-India weighted average cost of production, Aims to provide farmers with reasonable and fair remuneration. </p
