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Raipur, October 16, 2024: The Central Government today increased the minimum support prices for wheat, barley, gram, lentil (masur), rapeseed-mustard and safflower.
However, paddy prices have not been increased when the Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, approved the increase in the Minimum Support Prices (MSP) for all mandated Rabi Crops for Marketing Season 2025-26, official sources said.
Government has increased the MSP of Rabi Crops for Marketing Season 2025-26, to ensure remunerative prices to the growers for their produce, the sources said.
The absolute highest increase in MSP has been announced for Rapeseed & Mustard at Rs 300 per quintal from Rs 5650 to Rs 5950 followed by Lentil (Masur) at Rs 275 per quintal from Rs 6425 to Rs 6700.
The prices of gram has been increased from Rs 5440 to Rs 5650 a hike of Rs 210.
Wheat price has been increased from Rs 2275 to Rs 2425, a hike of Rs 150.
The new price of safflower is Rs 5940 from Rs 5800, an increase of Rs 140.
The price of barley has been increased to Rs 1980 from Rs 1850, an increase of Rs 130.
The central government said, 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 per cent for wheat, followed by 98 per cent for rapeseed & mustard; 89 per cent for lentil; 60 per cent for gram; 60 per cent for barley; and 50 per cent for safflower, the sources said.
This increased MSP of Rabi crops will ensure remunerative prices to the farmers and incentivise crop diversification, they added.
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