Minimum Support Prices On All Kharif Crops Hiked: Check MSP Rate Chart/Qunital For Marketing Season 2024-25

Check Out The Complete Rate Chart Of Minimum Support Prices For All Kharif Crops For Marketing Season 2024-25 After The Latest Hike On MSP By Govt.

New Delhi: Bringing the much needed cheers to farmers, after disbursing PM Kisan 17th Installment money, the Union Cabinet has approved the increase in the Minimum Support Prices (MSP) for all mandated Kharif Crops for Marketing Season 2024-25.

"Government has increased the MSP of Kharif Crops for Marketing Season 2024-25, to ensure remunerative prices to the growers for their produce. The highest absolute increase in MSP over the previous year has been recommended for oilseeds and pulses viz. nigerseed (Rs.983/- per quintal) followed by sesamum (Rs.632/- per quintal) and tur/arhar (Rs.550/- per quintal)," said an official release.

Here's The Complete Rate Chart Of Minimum Support Prices For All Kharif Crops For Marketing Season 2024-25

Crops		MSP 2024-25	Cost* KMS 2024-25	Margin over cost (%)	MSP 2023-24	MSP Increase in 2024-25 over 2023-24
Cereals
Paddy	Common	2300	1533	50	2183	117
	Grade A^	2320	-	-	2203	117
Jowar	Hybrid	3371	2247	50	3180	191
	Maldandi"	3421	-	-	3225	196
Bajra		2625	1485	77	2500	125
Ragi		4290	2860	50	3846	444
Maize		2225	1447	54	2090	135
Pulses
Tur /Arhar		7550	4761	59	7000	550
Moong		8682	5788	50	8558	124

Crops		MSP 2024-25	Cost* KMS 2024-25	Margin over cost (%)	MSP 2023-24	MSP Increase in 2024-25 over 2023-24
Urad		7400	4883	52	6950	450
Oilseeds
Groundnut		6783	4522	50	6377	406
Sunflower Seed		7280	4853	50	6760	520
Soybean (Yellow)		4892	3261	50	4600	292
Sesamum		9267	6178	50	8635	632
Nigerseed		8717	5811	50	7734	983
Commercial
Cotton	(Medium Staple)	7121	4747	50	6620	501
	(Long Stapler	7521	-	-	7020	501

The Cabinet note said that the increase in MSP for Kharif Crops for Marketing Season 2024-25 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 (77%) followed by tur (59%), maize (54%) and urad (52%). For rest of the crops, margin to farmers over their cost of production is estimated to be at 50%.