MSP FOR KHARIF CROPS

June 11, 2021

The Cabinet Committee on Economic Affairs, chaired by PM Modi, has approved the increase in the Minimum Support Prices (MSPs) for all mandated Kharif crops for marketing season 2021-22.

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MSP for common paddy was hiked to ₹1,940 a quintal for the coming kharif season, less than 4% higher than last year’s price of ₹1,868.
The highest absolute increase in MSP over the previous year has been recommended for sesamum (Rs. 452 per quintal) followed by tur and urad (Rs. 300 per quintal each).
In case of groundnut and nigerseed, there has been an increase of Rs 275 per quintal and Rs 235 per quintal respectively in comparison to last year.
The differential remuneration is aimed at encouraging crop diversification.
The expected returns to farmers over their cost of production are estimated to be highest in case of Bajra (85%) followed by urad (65%) and tur (62%). For rest of the crops, return to farmers over their cost of production is estimated to be at least 50%.

Source : PIB