# Budget 2018: Govt woos farmers with higher MSP; MNREGA allocation unchanged | Budget 2018 : Economy - Business Standard

> India's 2018-19 budget set minimum support prices for kharif crops at 1.5 times input cost and raised the agriculture and rural development outlay to about Rs 2.02 lakh crore. Operation Greens received Rs 500 crore to address perishable transport.

- Date: 2018-02-02 · published 2018-02-02T12:00:00.000Z
- Category: policy · region India · magnitude low
- Page: https://feedsoft.ai/events/66444-budget-2018-govt-woos-farmers-with-higher-msp-mnrega-allocation-unchanged
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Higher guaranteed prices support Indian farm output and domestic grain availability over time, with limited near-term effect on world feed grain prices.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2019-07-29 | [India's non-basmati rice export falls after govt withdraws tax incentive \| Economy & Policy News - Business Standard](https://feedsoft.ai/events/58049-india-s-non-basmati-rice-export-falls-after-govt-withdraws-tax-incentive.md) | -4.0% | -10.0% |
| RICE | 2018-01-11 | [Exporters ask government to provide barter deal with agri-deficit nations \| Economy & Policy News - Business Standard](https://feedsoft.ai/events/66954-exporters-ask-government-to-provide-barter-deal-with-agri-deficit-nations.md) | +3.8% | +6.4% |
| RICE | 2018-07-14 | [MSP hike in Kharif crops may dent India's farm exports in long term \| Economy & Policy News - Business Standard](https://feedsoft.ai/events/63991-msp-hike-in-kharif-crops-may-dent-india-s-farm-exports-in-long-term-economy-and.md) | +1.0% | -10.7% |
| RICE | 2023-08-28 | [Central govt's restrictions on rice exports puts wheat and sugar in focus \| Economy & Policy News - Business Standard](https://feedsoft.ai/events/34529-central-govt-s-restrictions-on-rice-exports-puts-wheat-and-sugar-in-focus.md) | +6.2% | +1.1% |
| RICE | 2019-12-09 | [Govt may ask FCI to sell 1.5 MT broken rice for grain-based biodiesel units \| Economy & Policy News - Business Standard](https://feedsoft.ai/events/55669-govt-may-ask-fci-to-sell-1-5-mt-broken-rice-for-grain-based-biodiesel-units.md) | +1.7% | +4.3% |
| WHEAT | 2016-12-10 | [Scrapping wheat import duty may hit farmers hard \| Economy & Policy News - Business Standard](https://feedsoft.ai/events/73452-scrapping-wheat-import-duty-may-hit-farmers-hard-economy-and-policy-news.md) | +1.1% | +2.0% |
| WHEAT | 2018-01-11 | [Exporters ask government to provide barter deal with agri-deficit nations \| Economy & Policy News - Business Standard](https://feedsoft.ai/events/66954-exporters-ask-government-to-provide-barter-deal-with-agri-deficit-nations.md) | -0.4% | +6.0% |
| WHEAT | 2023-08-28 | [Central govt's restrictions on rice exports puts wheat and sugar in focus \| Economy & Policy News - Business Standard](https://feedsoft.ai/events/34529-central-govt-s-restrictions-on-rice-exports-puts-wheat-and-sugar-in-focus.md) | -4.7% | -1.9% |

## Sources

- business-standard.com: https://www.business-standard.com/budget/article/budget-2018-govt-woos-farmers-with-higher-msp-mnrega-allocation-unchanged-118020200128_1.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.