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Home News News and Press Release Month 10 2024 2024 (10) This

Cabinet approves Minimum Support Prices (MSP) for Rabi Crops for Marketing Season 2025-26

16-10-2024
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The Cabinet Committee on Economic Affairs (CCEA) chaired by the  Prime Minister Shri Narendra Modi, has approved the increase in the Minimum Support Prices (MSP) for all mandated Rabi Crops for Marketing Season 2025-26.

Government has increased the MSP of Rabi Crops for Marketing Season 2025-26, to ensure remunerative prices to the growers for their produce. The absolute highest increase in MSP has been announced for Rapeseed & Mustard at Rs.300 per quintal followed by Lentil (Masur) at Rs.275 per quintal. For gram, wheat, safflower and barley, there is an increase of Rs.210 per quintal, Rs.150 per quintal, Rs.140 per quintal and Rs.130 per quintal respectively.

Minimum Support Prices for all Rabi crops for Marketing Season 2025-26

(Rs. per quintal)

S. No.

Crops

MSP RMS 2025-26

Cost*of Production RMS 2025-26

Margin over cost

(in percent)

MSP RMS 2024-25

Increase in MSP

(Absolute)

1

Wheat

2425

1182

105

2275

150

2

Barley

1980

1239

60

1850

130

3

Gram

5650

3527

60

5440

210

4

Lentil (Masur)

6700

3537

89

6425

275

5

Rapeseed & Mustard

5950

3011

98

5650

300

6

Safflower

5940

3960

50

5800

140

*Refers to cost which includes all paid out costs such as those incurred on account of hired human labour, bullock labour/machine labour, rent paid for leased in land, expenses incurred on use of material inputs like seeds, fertilizers, manures, irrigation charges, depreciation on implements and farm buildings, interest on working capital, diesel/electricity for operation of pump sets etc., miscellaneous expenses and imputed value of family labour.       

The increase in MSP for mandated Rabi Crops for Marketing Season 2025-26 is in line with the Union Budget 2018-19 announcement of fixing the MSP at a level of at least 1.5 times of the All-India weighted average Cost of Production. The expected margin over All-India weighted average cost of production is 105 percent for wheat, followed by 98 percent for rapeseed & mustard; 89 per cent for lentil; 60 per cent for gram; 60 percent for barley; and 50 percent for safflower. This increased MSP of rabi crops will ensure remunerative prices to the farmers and incentivise crop diversification.

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