Minimum strangulation price

It may seem strange that the Commission for Agricultural Costs and Prices (CACP) has sought an enquiry into the “anti-competitive market behaviour” of state agencies in procurement of rice and wheat. The CACP’s mandate, after all, is to recommend minimum support prices (MSP) for crops to ensure reasonable returns to farmers. The Centre’s responsibility is to see that farmers receive the MSPs based on the CACP’s recommendations.

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