Explained | Why has the MSP for oilseeds been significantly increased?

News Today 18.09.2021

The greater percentage increase in the support prices for oil seeds when compared to that of other crops could increase the amount of land and other resources used to cultivate oil seeds. But it is unlikely to offer immediate benefits in terms of higher domestic production of oil seeds and lower edible oil prices for consumers. Farmers say that it takes at least four years for certain freshly sown oil crops such as the palm oil crop to yield increased output. (Read More)

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