Union Cabinet Approves Increase in MSP for 14 Key Kharif Crops
- On May 28, 2025, the Union Cabinet in New Delhi approved a hike in Minimum Support Prices for fourteen major kharif crops for the upcoming 2025-26 season to support farmers with fair returns before sowing begins.
- This decision is in accordance with the 2018-19 Union Budget directive that set the Minimum Support Prices to be a minimum of one and a half times the average nationwide cost incurred in producing the crops, aiming to guarantee fair earnings for farmers.
- The highest MSP hikes include a Rs 820 per quintal increase for nigerseed, Rs 596 for ragi, Rs 589 for cotton, Rs 579 for sesamum, and smaller raises for tur, urad, and paddy.
- Government estimates project farmer margins over production costs as 63% for bajra, 59% for maize and tur, 53% for urad, and at least 50% for other crops, ensuring sustained profitability.
- The MSP hike reinforces government commitment to farmer welfare and agricultural prosperity, noting procurement growth and payments surpassing ₹16 lakh crore for kharif crops from 2014-15 to 2024-25.
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Bhubaneswar, May 28 (PTI) Union Agriculture and Farmers' Welfare Minister Shivraj Singh Chouhan and Odisha Chief Minister Mohan Charan Majhi on Wednesday thanked Prime Minister Narendra Modi for raising the Minimum Support Price (MSP) for 14 kharif crops for the upcoming 2025-26 marketing season.Chouhan, who arrived here on a two-day visit to Odisha, said that the NDA government has been continuously increasing the MSP of crops to assist the far…
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