The Union Cabinet chaired by Prime Minister Shri Narendra Modi today approved the increase in the Minimum Support Prices (MSP) for all mandated Kharif Crops for Marketing Season 2024-25.
Government has increased the MSP of Kharif Crops for Marketing Season 2024-25, to ensure remunerative prices to the growers for their produce. The highest absolute increase in MSP over the previous year has been recommended for oilseeds and pulses viz. nigerseed (Rs.983/- per quintal) followed by sesamum (Rs.632/- per quintal) and tur/arhar (Rs.550/- per quintal).
Minimum Support Prices for all Kharif crops for Marketing Season 2024-25
Rs. per quintal
Crops
MSP
2024-25
Cost* KMS
2024-25
Margin over
cost (%)
MSP
2023-24
MSP Increase
in 2024-25
over 2023-24
Cereals
Paddy
Common
2300
1533
50
2183
117
Grade A^
2320
–
–
2203
117
Jowar
Hybrid
3371
2247
50
3180
191
Maldandi”
3421
–
–
3225
196
Bajra
2625
1485
77
2500
125
Ragi
4290
2860
50
3846
444
Maize
2225
1447
54
2090
135
Pulses
Tur /Arhar
7550
4761
59
7000
550
Moong
8682
5788
50
8558
124
Crops
MSP
2024-25
Cost* KMS
2024-25
Margin over
cost (%)
MSP
2023-24
MSP Increase
in 2024-25
over 2023-24
Urad
7400
4883
52
6950
450
Oilseeds
Groundnut
6783
4522
50
6377
406
Sunflower Seed
7280
4853
50
6760
520
Soybean (Yellow)
4892
3261
50
4600
292
Sesamum
9267
6178
50
8635
632
Nigerseed
8717
5811
50
7734
983
Commercial
Cotton
(Medium Staple)
7121
4747
50
6620
501
(Long Stapler
7521
–
–
7020
501
*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.
A Cost data are not separately compiled for Paddy (Grade A), Jowar (Maldandi) and Cotton (Long staple)
The increase in MSP for Kharif Crops for Marketing Season 2024-25 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 to farmers over their cost of production are estimated to be highest in case of bajra (77%) followed by tur (59%), maize (54%) and urad (52%). For rest of the crops, margin to farmers over their cost of production is estimated to be at 50%.
