Ministry of Agriculture & Farmers Welfare
azadi ka amrit mahotsav

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.

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SK/SM/472



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