Is Higher MSP One Way to Offset Exports? The chairman of the Commission on Agricultural Costs and Prices (CACP) has recommended increasing the minimum support price (MSP) of all major grains and pulses as well as cotton. The CACP, which works under the Ministry of Agriculture and advises the government of India (GOI) on pricing policy for all major ag commodities, believes that implementing a higher MSP concurrently with the export ban would offset any reduction in prices that might occur as a result of the ban and ensure that farmers in India stay in business.While inflation may be down, food inflation stood at 9.94 percent for the month of March against 6.07 percent in February, according to GOI data. The markets will respond with high...