Cabinet approves MSP for Kharif Crops for Marketing Season 2024-25, MSP for Paddy up by 117 per quintal

The Union Cabinet chaired by Prime Minister Shri Narendra Modi today approved the increase in the Minimum Support Prices (MSP) for Kharif Crops for Marketing Season 2024-25

Cabinet approves MSP for Kharif Crops for Marketing Season 2024-25, MSP for Paddy up by 117 per quintal

The Union Cabinet chaired by Prime Minister Shri Narendra Modi today approved the increase in the Minimum Support Prices (MSP) for Kharif Crops for Marketing Season 2024-25. MSP for Paddy incrfeased by Rs117 per quintal and it is fixed at Rs2300 per quintal. MSP for Paddy grade A will be Rs 2320 per quintal.

A PIB realease say that 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

 

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