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.
Commodity
2019-20 (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)
1
WHEAT
1925
1975
2015
2125
50
40
110
2
BARLEY
1525
1600
1635
1735
75
35
100
3
GRAM
4875
5100
5230
5335
225
130
105
4
MASUR (LENTIL)
4800
5100
5500
6000
300
400
500
5
RAPESEED & MUSTARD
4425
4650
5050
5450
225
400
400
6
SAFFLOWER
5215
5327
5441
5650
112
114
209
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%.
