Published 16:26 IST, October 16th 2024
Govt approves MSP hike for Rabi crops in 2025-26; highest increase for Rapeseed & Mustard
The government approved an MSP hike for Rabi crops in 2025-26, with the highest increase for Rapeseed & Mustard.
- India News
- 1 min read
The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi , has approved an increase in the Minimum Support Prices (MSP) for all mandated Rabi crops for the marketing season 2025-26. This decision aims to provide "remunerative prices to the growers for their produce."
Among the crops, the highest increase in MSP is for "Rapeseed & Mustard at Rs 300 per quintal," followed by "Lentil (Masur) at Rs 275 per quintal." For gram, wheat, safflower, and barley, the respective increases are "Rs 210 per quintal, Rs 150 per quintal, Rs 140 per quintal, and Rs 130 per quintal."
Union Minister Ashwini Vaishnaw announced the decision after the Cabinet meeting on Wednesday. This increase aligns with the Union Budget 2018-19 announcement of setting MSP at least 1.5 times the all-India weighted average cost of production.
The margin over production costs for the 2025-26 season is expected to be "105 percent for wheat, followed by 98 percent for rapeseed & mustard; 89 percent for lentil; 60 percent for gram; 60 percent for barley; and 50 percent for safflower." This policy will not only ensure remunerative prices for farmers but also "incentivise crop diversification."
Updated 16:26 IST, October 16th 2024