The Government of India has increased Minimum Support Price (MSP) of groundnut in shell from Rs. 2,700 to Rs. 3,700 per quintal for crop year 2012-2013. This is an increase of Rs. 1,000 a quintal or 37.03 percent over last year’s MSP fixed for groundnut.
Minimum Support Price of Groundnut-in-Shell Enhanced from Rs. 2,700 to Rs. 3,700 Per Quintal
New Delhi (Delhi, India), October 14, 2019
Indian Government Ups Minimum Support Price (MSP) of Groundnut-in-Shell to Rs. 3,700 Per 100 Kgs
The Government of India has increased the Minimum Support Price (MSP) of groundnut-in-shell of Fair Average Quality (FAQ) from Rs. 2,700 per quintal (100 Kilograms) to Rs. 3,700 per quintal for the crop year 2012-2013 and marketing season 2013-2014.
This is an increase of Rs. 1,000 a quintal or 37.03 percent over last year’s Minimum Support Price fixed for groundnut-in-shell.
The Cabinet Committee on Economic Affairs (CCEA) took this decision to hike the MSP of groundnut in its meeting held on Thursday, June 14, 2012 in New Delhi.
Every year, the Government of India determines the Minimum Support Price of groundnut-in-shell based on the recommendations of the Commission for Agricultural Cost and Prices (CACP).
Historical Minimum Support Prices of Groundnut-in-Shell in India
Crop Year Minimum Support Price (Per 100 Kgs)
2012-2013 Rs. 3,700
2011-2012 Rs. 2,700
2010-2011 Rs. 2,300
2009-2010 Rs. 2,100
2008-2009 Rs. 2,100
2007-2008 Rs. 1,550
2006-2007 Rs. 1,520
2005-2006 Rs. 1,520
2004-2005 Rs. 1,500
2003-2004 Rs. 1,400
2002-2003 Rs. 1,355
2001-2002 Rs. 1,340
2000-2001 Rs. 1,220
1999-2000 Rs. 1,155
1998-1999 Rs. 1,040
1997-1998 Rs. 980
1996-1997 Rs. 920
1995-1996 Rs. 900
1994-1995 Rs. 860
1993-1994 Rs. 800
1992-1993 Rs. 750
Minimum Support Prices of Agricultural Commodities in India
Government of India – Minimum Support Prices of Various Agricultural Commodities
Indian Government – Plans, Policies, and Projects
Government of India – Current and Past Agricultural Plans, Policies, Programs, Projects, and Schemes
