Consider the following:Areca nutBarleyCoffeeFinger milletGroundnutSesamumTurmericThe Cabinet Committ

Question

Consider the following:Areca nutBarleyCoffeeFinger milletGroundnutSesamumTurmericThe Cabinet Committee on Economic Affairs has announced the Minimum Support Price for which of the above?

Accepted Answer

The MSP is fixed on the recommendations of the Commission for Agricultural Costs and Prices (CACP). The CACP is a statutory body and submits separate reports recommending prices for Kharif and Rabi seasons.Initially, MSP covered paddy, rice, wheat, jowar, bajra, maize, ragi (Finger Millet), barley, gram, tur, moong, urad, sugarcane, groundnut, soybean, sunflower seed, rapeseed and mustard, cotton, jute and tobacco.From 1994-95 onwards, Nigerseed and Sesame were included under MSP Scheme of CACP, in addition to the edible oilseeds already covered by the Commission. Similarly, during 2001-2002, the government enhanced the terms of reference of the Commission by including lentil (masur).