Kharif MSP announcement next week

Prime Minister Narendra Modi on Friday announced that the Union Cabinet would approve a Minimum Support Price (MSP) of 150 per cent of input cost for kharif crops in the 2018-2019 season next week. He also stated that within the following two weeks, the Fair and Remunerative Price for sugarcane for 2018-2019 will be announced, which will be considerably higher than the same for 2017-2018. It will also provide an incentive for those farmers whose recovery from sugarcane will be higher than 9.5 per cent. The Prime Minister was interacting with 140 sugarcane growers from Uttar Pradesh, Uttarakhand, Punjab, Maharashtra and Karnataka. (Text: ANI)