India Region

What is the absolute increase in Minimum Support Prices of Rabi Crops

Quick Share

21 December 2022, New Delhi: The Indian Government has increased Minimum Support Prices (MSP) of 6 mandated Rabi crops for Rabi Marketing Season (RMS) 2023-24 on the basis of recommendation of Commission for Agricultural Costs & Prices (CACP). The government had also considering the views of State Governments and Central Ministries/Departments before announcing the support prices. 

The MSP for wheat now stands at 2125 ₹ per quintal; Barley 1735 ₹ per quintal; Gram 5335 ₹ per quintal; Masur 6000 ₹ per quintal; Rapeseed & Mustard 5450 ₹ per quintal and Safflower 5650 ₹ per quintal. Details of increase in MSP of 6 mandated rabi crops for the last three years and current year is mentioned in table below.

Minimum Support Price (MSP) of mandated Agricultural Crops  (MSP in ₹ per quintal)

Sl. No.Commodity2019-20 (MSP in  per quintal)2020-21 (MSP in  per quintal)2021-22 (MSP in  per quintal)2022-23 (MSP in  per quintal)2020-21 (Increased by)2021-22 (Increased by)2022-23 (Increased by)
1WHEAT19251975201521255040110
2BARLEY15251600163517357535100
3GRAM4875510052305335225130105
4MASUR (LENTIL)4800510055006000300400500
5RAPESEED & MUSTARD4425465050505450225400400
6SAFFLOWER5215532754415650112114209
Minimum Support Price (MSP) of mandated Agricultural Crops  (MSP in ₹ per quintal)

The country has witnessed emphatic growth in export of agri and allied commodities. As compared to the year 2015-16, the Agri and allied export has increased from 32.81 billion USD in 2015-16 to 50.24 billion USD in 2021-22 i.e. an increase of 53.1%.

Also Read: South Dakota Farmer Wins Pivot Bio’s Ultimate Farm Truck

(For Latest Agriculture News & Updates, follow Krishak Jagat on Google News)

Quick Share