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Which organization is set up to recommend the minimum support prices (MSPs) of 23 agricultural crops to incentivize growers and meet overall needs of the economy?
1. Commission for Agricultural Costs and Prices
2. Agricultural Base Price Stability Commission
3. Price Stability Commission
4. Agricultural Pricing Board of India

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Correct Answer - Option 1 : Commission for Agricultural Costs and Prices

The correct answer is Commission for Agricultural Costs and Prices.

  • Commission for Agricultural Costs and Prices (CACP) recommends MSPs of 23 commodities, which comprise 7 kinds of cereal (paddy, wheat, maize, sorghum, pearl millet, barley, and ragi), 5 pulses (gram, tur, moong, urad, lentil), 7 oilseeds (groundnut, rapeseed-mustard, soybean, sesamum, sunflower, safflower, nigerseed), and 4 commercial crops (copra, sugarcane, cotton and raw jute).
  • CACP submits its recommendations to the government in the form of Price Policy Reports every year, separately for five groups of commodities namely Kharif crops, Rabi crops, Sugarcane, Raw Jute, and Copra.

Minimum Support Price of some important crops:

  • Paddy - 1888
  • Wheat - 1975
  • Maize - 1850
  • Bajra - 2150
  • Cotton - 5825

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