Question

Distinguish between issue price and MSP.

Answer 1

MSP is the minimum support price that government promises for any agricultural crop.

Where as issue price is the price at which government issue the same agricultural crop. This may be less than, equal to or more than MSP and shall get decided by requirement or need of the hour depending upon the economic conditions in the country.
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Answer 2

Difference between MSP, Procurement Price and Issue price?

15 APR 2017 / 1 COMMENT

Minimum Support Price is the price which is announced before the crop sowing. This the price at which government is required to buy the crop whether the market price is less or more. GoI announcing it since 1966-67.

Procurement price is announced after the harvesting and it is higher than MSP. Since the fiscal 1968- 69 the government announced only the Minimum Support Price which is also considered as procurement price.

Finally, the Issue Price is the one at which goods are released from FCI (Food Corporation of India). Here, the difference between MSP and Issue Price is called SUBSIDY.

For Example: Let’s say the MSP of Wheat is 10/Kg. The issue price of wheat from FCI to general population is 2/Kg. The balance 10-2= 8 is the subsidy amount. This subsidy component is borne by Government.


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