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: U.S. and Chinese officials are expected to discuss agriculture and non-tariff trade barriers ahead of Chinese President Xi Jinping’s visit to Washington later this month, potentially opening the door to additional U.S. agricultural purchases or improved marke...
The U.S. will observe Labor Day on Monday, 7 September. U.S. markets and the WPI office will be closed that day. The next edition of Ag Perspectives will be published Tuesday, 8 September...
Key Takeaways: Drought and changes to the multi-year trend in cow slaughter and retention have the potential to dramatically alter beef trim supplies and pricing, and WPI specifically models three different drought scenarios for fall 2026. Based on our models, WPI expects 90 percent lean...
