MSP FOR KHARIF CROPS

June 10, 2022

The Cabinet Committee on Economic Affairs has approved increase in Minimum Support Price (MSP) for all intended Kharif crops for Marketing Season 2022-23.

About:

  • The highest absolute increase in MSP over the previous year has been recommended for Sesamum 523 rupees per quintal, Moong 480 rupees per quintal, Sunflower seed 385 rupees per quintal, Tur, Urad and Groundnut 300 rupees per quintal, Cotton (Medium Staple) 354 rupees and Cotton (Long Staple) 355 rupees.
  • The approved rates are at least one and half times of the all India weighted average cost of production. It will lead to greater investment and production. It will also provide assured remunerative prices for the farmers.