Minimum Support Prices On All Kharif Crops Hiked: Check MSP Rate Chart/Qunital For Marketing Season 2024-25 | Economy News
“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%.
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