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Commodity Mid Session News

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(16 Oct 2024, 15:37)

Agri Buzz: Government hikes minimum support prices of rabi crops, Wheat MSP at Rs 2475 per quintal


The Cabinet Committee on Economic Affairs (CCEA) chaired by the Prime Minister Shri Narendra Modi, has approved the increase in the Minimum Support Prices (MSP) for all mandated Rabi Crops for Marketing Season 2025-26. Wheat MSP has been hiked from Rs 2275 per quintal to Rs 2475 per quintal while MSP of key pulses crop Gram has been raised from Rs 5440 per quintal to Rs 5650 per quintal. MSP of Lenthil has been hiked from Rs 6425 per quintal to Rs 6700 per quintal. Rapeseed MSP has been hiked from Rs 5650 per quintal to Rs 5950 per quintal.

Government has increased the MSP of Rabi Crops for Marketing Season 2025-26, to ensure remunerative prices to the growers for their produce. The absolute highest increase in MSP has been announced for Rapeseed & Mustard at Rs.300 per quintal followed by Lentil (Masur) at Rs.275 per quintal. For gram, wheat, safflower and barley, there is an increase of Rs.210 per quintal, Rs.150 per quintal, Rs.140 per quintal and Rs.130 per quintal respectively.

The increase in MSP for mandated Rabi Crops for Marketing Season 2025-26 is in line with the Union Budget 2018-19 announcement of fixing the MSP at a level of at least 1.5 times of the All-India weighted average Cost of Production. The expected margin over All-India weighted average cost of production is 105 percent for wheat, followed by 98 percent for rapeseed & mustard; 89 per cent for lentil; 60 per cent for gram; 60 percent for barley; and 50 percent for safflower.


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