The delayed monsoon might not hamper agriculture prospects this year. Agriculture Market Intelligence Centre (AMIC) of Acharya N.G. Ranga Agricultural University (ANGRAU) has forecast that the prices of crops such as groundnut, Bengal gram and cotton would be close to or slightly on the higher side of the minimum support price (MSP). The price of paddy is expected to be less than or little above the MSP announced by the Union government.
The AMIC forecast that the common variety paddy would be sold at a price in the range of ₹1,975 to ₹2,250 a quintal as against the MSP of ₹2,183 a quintal. Similarly, the A grade variety would be sold for ₹2,100 to ₹2,325 a quintal against the MSP of ₹2,203.
The normal chilli prices are expected to hover between ₹16,500 and ₹19,550 a quintal, whereas the special variety will be priced between ₹18,000 and ₹22,100 a quintal. The price for cotton is expected to be between ₹5,800 and ₹6,750 a quintal this year.
