Increase in Minimum Support Price of Kharif Crops from 5 to 12.7 percent

20-Jun-2024 11:47 AM

New Delhi. The Central Government has made a huge increase of 5 to 12.7 percent in the Minimum Support Price (MSP) of Kharif crops for the marketing season 2024-25 so that farmers get encouragement to cultivate it in more and more area and get higher income. Under this,

there has been a good increase in the MSP of pulses and oilseeds crops, whereas the support price of coarse grains has been increased less.

According to official data, compared to 2023-24 season, for the 2024-25 season, the MSP of general category paddy has been increased by 5.4 percent to Rs 2300 per quintal,

Jowar (Hybrid) by 6 percent to Rs 3371 per quintal, Bajra by 5 percent to Rs 2625 per quintal, Ragi by 11.5 percent to Rs 4290 per quintal and the minimum support price of maize has been increased by 6.5 percent to Rs 2225 per quintal.

Similarly, in the category of pulses crops, the minimum support price of Arhar (Tuvar) has been increased by 7.9 percent to Rs 7550 per quintal,

Moong by 1.4 percent to Rs 8682 per quintal or the support price of Urad has been increased by 6.5 percent to Rs 7400 per quintal.

Among oilseed crops, the minimum support price of groundnut has been increased by 6.4 percent to Rs. 6783 per quintal, sunflower by 7.7 percent to Rs. 7280 per quintal,

soybean by 6.3 percent to Rs. 4892 per quintal, sesame by 7.3 percent to Rs. 9267 per quintal and nigerseed by 12.7 percent to Rs. 8717 per quintal.

The MSP of cotton has also been increased by 7.6 percent to Rs. 7121 per quintal while the FRP of sugarcane has already been declared.

Sowing of Kharif crops has started. This year, due to the delay in formation of government due to Lok Sabha elections, there was a delay in declaring the support price of Kharif crops.