The projected comprehensive or C2 COP for wheat is Rs 1,575 per quintal
Wheat is the biggest rabi (winter-sown) crop of India.
The Commission for Agricultural Costs and Prices (CACP) has projected the cost of production (CoP) of the rabi (winter-sown) crops of India for the rabi marketing season (RMS) 2023-24. Based on these costs, CACP had recommend the minimum support price (MSP) for the rabi crops that were approved by the Indian cabinet on October 18, 2022.
As per the CACP calculations, the cost of production (COP) of crops includes A2 (actual paid out cost), A2+FL (actual paid out cost plus imputed value of family labour) and C2 [comprehensive cost including rental value of own land {net of land revenue and interest on value of own fixed capital assets (excluding land)}]. The commission takes the state-wise actual cost estimates to project the COP for each crop.
The commission has taken into account the cost of production in RMS 2022-23 for projecting the COPs for the RMS 2023-24. The actual cost estimates during 2018-19 and 2019-20 for wheat in Uttarakhand and barley in Madhya Pradesh, and 2018-19 and 2020-21 for gram in Jharkhand and safflower in Karnataka have been used in projection of the CoP of these states and crops.
The lowest projected comprehensive or C2 COP for the coming rabi season has been calculated for barley at Rs 1,487 per quintal (1 quintal=100kg). For wheat, the projected C2 COP is Rs 1,575 per quintal. The MSP for wheat and barley is Rs 2,125 per quintal and Rs 1,735 per quintal respectively.
Among the pulses, the projected C2 COP for masur (lentil) is Rs 4,608 per quintal and Rs 4,341 per quintal for chana (gram). The MSP for lentil and gram is Rs 6,000 per quintal and Rs 5,335 per quintal respectively.
In the oilseeds, the CACP has calculated the projected C2 COP for rapeseed-mustard at Rs 3,740 per quintal and Rs 5,135 per quintal for kusum (safflower). The MSP of rapeseed-mustard is Rs 5,450 per quintal and Rs 5,650 per quintal for safflower.
All-India projected cost of production of rabi crops and MSP for RMS 2023-24
| Crop | Cost of production for RMS 2022-23 (Rs per quintal) | MSP for 2023-24 (Rs per quintal) | ||
| *A2 | **A2+FL | #C2 | ||
| Wheat | 851 | 1,065 | 1,575 | 2,125 |
| Barley | 704 | 1,082 | 1,487 | 1,735 |
| Gram (Chana) | 2,476 | 3,206 | 4,341 | 5,335 |
| Lentil (Masur) | 2,399 | 3,239 | 4,608 | 6,000 |
| Rapeseed & mustard | 1,831 | 2,670 | 3,740 | 5,450 |
| Safflower | 2,954 | 3,765 | 5,135 | 5,650 |
Source: CACP calculations
* A2: Actual paid out cost
** A2+FL: Actual paid out cost plus imputed value of family labour
# C2: Comprehensive Cost including rental value of own land {net of land revenue and interest on value of own fixed capital assets (excluding land)}]
Note: All-India cost of production of a crop is the weighted average of CoPs of projected states
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