MSP for Rabi Crops Announced The commitment to double farmers’ income by the Modi government ensured an increase in the Minimum Support Prices (MSPs) of key rabi crops, which was approved by the Cabinet Committee on Economic Affairs (CCEA) early this week. The goal is to provide at least a 50 percent margin (income) over and above the cost of production of these crops. According to government of India (GOI) data, that has been achieved with this latest move. For reference, the margins are now 112.5 percent for wheat, 89.9 percent for rapeseed/mustard, 76.7 percent for red lentils, 75.3 percent for chickpeas, 67.4 percent for barley and 50.1 percent for safflower.
It must be noted that of these crops, the federal and state agencies...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
The U.S.-Mexico-Canada Agreement (USMCA) enters its mandated six-year review on 1 July. The original intent of the review is outlined in Article 34.7, which obligates members to: Provide recommendations and decide on appropriate actions. Extend the USMCA for another 16 years and meet aga...
The CBOT/CME markets and our offices will be closed tomorrow, Friday, 19 June in observance of the U.S. Juneteenth holiday. Please note that the next Ag Perspectives will be published on Monday, 22 June. ...
