New Delhi, May 28
The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, has approved the increase in the Minimum Support Prices (MSP) for 14 kharif crops for marketing season 2025-26 to ensure remunerative prices to the growers for their produce, according to an official statement issued on Wednesday.
The highest absolute increase in MSP over the previous year has been recommended for nigerseed (Rs 820 per quintal), followed by ragi (Rs 596 per quintal), cotton (Rs 589 per quintal), and sesamum (Rs 579 per quintal).
The increase in MSP for kharif crops for the 2025-26 marketing season 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 (63 per cent) followed by maize (59 per cent), tur (59 per cent) and urad (53 per cent ). For the rest of the crops, the margin to farmers over their cost of production is estimated to be at 50 per cent, the statement said.