Cir(081)/2022                                                                               June 09, 2022

Committee:

Sub.: CCEA approves Minimum Support Prices (MSP) for Cotton Crop (Kharif) for Marketing Season 2022-23 – reg.

Dear Sirs/Madam

The Cabinet Committee on Economic Affairs (CCEA) chaired by the Prime Minister Shri Narendra Modi, has approved the increase in the Minimum Support Prices (MSP) for all mandated Kharif Crops for Marketing Season 2022-23.  

Government has increased the MSP of Kharif Crops for Marketing Season 2022-23, to ensure remunerative prices to the growers for their produce and to encourage crop diversification.

Minimum Support Prices for following Cotton Crop (Kharif) for Marketing Season 2022-23:

 

Crop	MSP 2021-22	MSP 2022-23	Cost* of Production 2022-23	Increase in MSP (Absolute)	Return over cost (in per cent)
Cotton (Medium Staple)	5726	6080	4053	354	50
Cotton (Long Staple)	6025	6380	–	355	–

*Refers to cost which includes all paid out costs such as those incurred on account of hired human labour, bullock labour/machine labour, rent paid for leased in land, expenses incurred on use of material inputs like seeds, fertilizers, manures, irrigation charges, depreciation on implements and farm buildings, interest on working capital, diesel/electricity for operation of pump sets etc., miscellaneous expenses and imputed value of family labour.

A copy of the Press release is attached for your kind perusal.

 

Thanking you,

Yours faithfully

 

Chandrima Chatterjee

Secretary General