Government procurement of various agricultural commodities will continue at MSP

19-Mar-2025 05:51 PM

The Indian government's continued procurement of agricultural commodities at Minimum Support Price (MSP) ensures price stability and farmer security. Key highlights include:

Government Procurement Agencies & Crops

  • Food Corporation of India (FCI): Procures paddy, wheat, and coarse grains.
  • NAFED & NCCF: Responsible for pulses, oilseeds, and copra (limited to 25% of total production).
  • Cotton Corporation of India (CCI) & Jute Corporation of India (JCI): Procure cotton and jute.

MSP for Kharif Crops (2024-25 Season)

  • Paddy: ₹2300-₹2320 per quintal (depending on grade)
  • Coarse grains: Jowar ₹3371, Bajra ₹2625, Ragi ₹4290, Maize ₹2225
  • Pulses: Tuvar ₹7550, Moong ₹8682, Urad ₹7400
  • Oilseeds: Groundnut ₹6783, Sunflower ₹7280, Soybean ₹4892, Sesame ₹9267

MSP for Rabi Crops

  • Wheat: ₹2425, Barley: ₹1980
  • Pulses: Gram ₹5650, Lentil ₹6700
  • Oilseeds: Mustard ₹5950

Impact & Outlook

  • Support for Farmers: Ensures fair compensation and prevents distress selling.
  • Market Stabilization: Helps regulate price fluctuations in the agricultural sector.
  • Upcoming Rabi Procurement: The process will begin soon, benefiting wheat, barley, gram, lentils, and mustard farmers.

This move reinforces the government's commitment to agricultural welfare and food security.

Latest News