On 16 October 2024, the Cabinet Committee on Economic Affairs (CCEA), chaired by PM Modi, approved an increase in the Minimum Support Prices (MSP) for all mandated Rabi crops for the 2025-26 marketing season.
The highest MSP increase is for rapeseed and mustard at Rs 300 per quintal, followed by lentils (masur) at Rs 275 per quintal. MSP for gram, wheat, safflower, and barley is increase of Rs.210 per quintal, Rs.150 per quintal, Rs.140 per quintal and Rs.130 per quintal respectively. The new MSP of wheat for 2025-26 marketing season is 2425.
This decision ensures farmers get at least 1.5 times the all-India weighted average cost of production, with expected margins ranging from 50% to 105%. It aims to provide fair prices to farmers and encourage crop diversification.
