India Boosts MSP for Rabi Crops by Rs 91,000 Crore

The Indian government has increased the Minimum Support Prices (MSP) for six rabi crops for the upcoming 2027-28 marketing season. The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, made this decision to support farmers.

The highest increase is for safflower at Rs 675 per quintal, followed by rapeseed and mustard at Rs 413. MSP for lentil (masur) has been raised by Rs 390, barley by Rs 136, gram by Rs 83, and wheat by Rs 25 per quintal.

The expected margin over the all-India weighted average cost of production is 106% for wheat, 96% for rapeseed and mustard, 92% for lentil, 59% for gram, 58% for barley, and 50% for safflower. This decision aims to encourage crop diversification.