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CCEA may consider hike in paddy MSP by Rs 60/qtl tomorrow

NEW DELHI: The Cabinet Committee on Economic Affairs (CCEA) is likely to consider tomorrow a proposal to increase the minimum support price (MSP) of paddy by Rs 60 at Rs 1,310 per quintal for 2013-14 crop year.

"The price policy of kharif crops for the 2013-14 is on the agenda of the CCEA meeting tomorrow," sources said.

Barring for two crops -- bajra and tur, the Agriculture Ministry has accepted most of the recommendations of the Commission for Agriculture Costs and Prices (CACP) on MSP of kharif crops for 2013-14, they said.

In the CCEA note, the ministry has proposed an increase in the MSP of common variety paddy by Rs 60 per quintal at Rs 1,310 and price of 'A' grade variety paddy by Rs 65 per quintal at Rs 1,345.

Paddy is main kharif crop, sowing of which begins with the onset of monsoon in June and harvesting starts from October.

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