Ministry of Agriculture &
Farmers Welfare
Minimum Support Price for various crops
Posted On:
06 FEB 2024 6:18PM by PIB Delhi
The Government of India fixes Minimum Support Price (MSP) for 22 mandated agricultural crops on the basis of the recommendations of the Commission for Agricultural Costs & Prices (CACP), views of State Governments and Central Ministries/Departments concerned. Government in its Union Budget for 2018-19 had announced the pre- determined principle to keep MSP at levels of one and half times of the cost of production. Accordingly, MSPs for all mandated crops kharif, rabi and other commercial crops have been increased with a return of at least 50 percent over all India weighted average cost of production from the agricultural year 2018-19.The crop wise details of MSP announced for the mandated crops in the last three years along with absolute increase in 2022-23 and 2023-24 are given below:
Minimum Support Prices (MSP) (Rs. per quintal)
Sl.
No.
|
Commodity
|
Variety
|
2021-
22
|
2022-
23
|
2023-
24
|
increase in MSP 2022-
23 over
2021-22
|
increase in MSP 2023-
24 over
2022-23
|
|
KHARIF CROPS
|
|
|
|
|
|
|
1
|
PADDY
|
Common
|
1940
|
2040
|
2183
|
100
|
143
|
|
|
Grade 'A'
|
1960
|
2060
|
2203
|
100
|
143
|
2
|
JOWAR
|
Hybrid
|
2738
|
2970
|
3180
|
232
|
210
|
|
|
Maldandi
|
2758
|
2990
|
3225
|
232
|
235
|
3
|
BAJRA
|
|
2250
|
2350
|
2500
|
100
|
150
|
4
|
RAGI
|
|
3377
|
3578
|
3846
|
201
|
268
|
5
|
MAIZE
|
|
1870
|
1962
|
2090
|
92
|
128
|
6
|
TUR (ARHAR)
|
|
6300
|
6600
|
7000
|
300
|
400
|
7
|
MOONG
|
|
7275
|
7755
|
8558
|
480
|
803
|
8
|
URAD
|
|
6300
|
6600
|
6950
|
300
|
350
|
9
|
GROUNDNUT
|
|
5550
|
5850
|
6377
|
300
|
527
|
10
|
SUNFLOWER
SEED
|
|
6015
|
6400
|
6760
|
385
|
360
|
11
|
SOYABEEN
(yellow)
|
|
3950
|
4300
|
4600
|
350
|
300
|
12
|
SESAMUM
|
|
7307
|
7830
|
8635
|
523
|
805
|
13
|
NIGERSEED
|
|
6930
|
7287
|
7734
|
357
|
447
|
14
|
COTTON
|
Medium Staple
|
5726
|
6080
|
6620
|
354
|
540
|
|
|
Long Staple
|
6025
|
6380
|
7020
|
355
|
640
|
|
RABI CROPS
|
|
|
|
|
|
|
15
|
WHEAT
|
|
2015
|
2125
|
2275
|
110
|
150
|
16
|
BARLEY
|
|
1635
|
1735
|
1850
|
100
|
115
|
17
|
GRAM
|
|
5230
|
5335
|
5440
|
105
|
105
|
18
|
MASUR (LENTIL)
|
|
5500
|
6000
|
6425
|
500
|
425
|
19
|
RAPESEED &
MUSTARD
|
|
5050
|
5450
|
5650
|
400
|
200
|
20
|
SAFFLOWER
|
|
5441
|
5650
|
5800
|
209
|
150
|
|
OTHER CROPS
|
21
|
COPRA (Calendar
Year)
|
Milling
|
10335
|
10590
|
10860
|
255
|
270
|
|
|
Ball
|
10600
|
11000
|
11750
|
400
|
750
|
22
|
JUTE
|
|
4500
|
4750
|
5050
|
250
|
300
|
Note: Government has announced MSP for Milling Copra at ₹ 11160/- per quintal and for Ball Copra at
₹12000.00 per quintal for 2024 season.
To realize the objectives of MSP Policy, Government extends price support for paddy and wheat through the Food Corporation of India (FCI) and State Agencies. Under this policy food grains offered by farmers within the stipulated period & conforming to the specifications prescribed by Government are purchased at MSP by the State Government agencies and FCI for Central Pool. Additionally, Oilseeds, pulses and copra of Fair Average Quality (FAQ) are procured from registered farmers under Price Support Scheme under Umbrella Scheme of PM-AASHA, as per its guidelines at MSP in consultation with the concerned State Governments, when market price of these produce fall below the MSP. Cotton and Jute are also procured by Government at MSP through Cotton Corporation of India (CCI) and Jute Corporation of India (JCI), respectively. Government’s price policy is to ensure remunerative prices to farmers by offering to procure their produce at MSP. However, farmers are free to sell their produce to the Government procurement agencies at MSP or in the open market, whichever is advantageous to them.
The procurement of foodgrain has increased from 761.40 lakh metric tonnes in 2014-15 to 1062.69 lakh metric tonnes in 2022-23, benefitting more than 1.6 crore farmers. The expenditure incurred (at MSP values) on procurement of foodgrains increased from 1.06 lakh crores to 2.28 lakh crores, during the same period.
This information was given by the Union Minister of Agriculture and Farmers’ Welfare, Shri Arjun Munda in a written reply in Lok Sabha today.
******
SK/SM/472
(Release ID: 2003184)
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