Centre increases minimum support price for wheat, mustard
2 years, 2 months ago

Centre increases minimum support price for wheat, mustard

The Hindu  

The Cabinet Committee on Economic Affairs, met here on Tuesday, announced an increase of 2% to 9% in the Minimum Support Prices for six mandated rabi crops for this season. The farmers’ organisations, who have been alleging that the Centre is delaying the announcement of the MSP, said the increase in paltry and by keeping the MSP of wheat low, the Centre is helping big corporate houses in the sector to make quick money. The Centre calculates the cost by considering the all paid out costs such as those incurred on account of hired human labour, bullock labour/machine labour, rent paid for leased in land, expenses incurred on use of material inputs like seeds, fertilizer, manures, irrigations charges, depreciation on implements and farm buildings, interest on working capital, diesel/electricity for operation of pump sets etc., misc. The Centre claimed that the increase in MSP is in line with the Budget 2018-19 announcement of fixing the MSP at a level of at lease 1.5 times of the all-India weighted average cost of production, aiming at reasonably fair remuneration for the farmers. “The maximum rate of return is 104% for rapeseed and mustard, followed by 100% for wheat, 85% for lentil, 66% for gram, 60% for barley and 50% for safflower,” the government release said.

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History of this topic

Centre hikes MSP for copra for crop season 2025
4 days, 19 hours ago

Centre hikes MSP for copra for crop season 2025

New Indian Express  

As part of its pro-farmers stance since assuming power for its third term, the government on Friday approved an increase in the Minimum Support Price for copra for the 2025 season. The hike includes a rise of Rs 422 per quintal for milling copra and Rs 100 per quintal for ball copra. Briefing the media after the meeting of the …

Congress takes out tractor rallies across Madhya Pradesh demanding higher MSP
3 months ago

Congress takes out tractor rallies across Madhya Pradesh demanding higher MSP

The Hindu  

The Madhya Pradesh Congress on Friday took out protest rallies on tractors in all district headquarters across the State as part of its ongoing ‘Kisan Nyay Yatra’ to demand higher prices for soya bean, wheat and rice. Senior Madhya Pradesh Congress leaders such as State unit president Jitu Patwari and former Chief Minister Digvijaya Singh have long been demanding the …

Food for thought: Soaring prices burn a hole in common man’s ‘thali’
5 months, 1 week ago

Food for thought: Soaring prices burn a hole in common man’s ‘thali’

Hindustan Times  

Many households are struggling to decide what to eat and what to leave out as the prices of essential food items continue to surge, making the common man’s thali, or traditional meal, become increasingly expensive with several varieties of dals and vegetables joining the ₹100-plus club. Vegetables are also out of reach—tomatoes are selling at ₹100 per kg, potatoes at …

TN farmers unhappy with 5 per cent paddy MSP hike, want incentive from govt
6 months ago

TN farmers unhappy with 5 per cent paddy MSP hike, want incentive from govt

New Indian Express  

TIRUCHY/MADURAI: The central government’s announcement to raise the minimum support price for paddy from Rs 2,183/quintal to Rs 2,300 has met with mixed response, as majority of the farmers are unhappy with the increment of Rs 117 or 5% compared to last year. Imploring the government to consider raising the MSP to Rs 3,200/quintal, farmers’ associations have argued that the …

Govt Hikes Paddy MSP By Rs 117 To Rs 2,300 Per Quintal For 2024-25, Approves MSP For Total 14 Kharif Crops
6 months ago

Govt Hikes Paddy MSP By Rs 117 To Rs 2,300 Per Quintal For 2024-25, Approves MSP For Total 14 Kharif Crops

ABP News  

In a significant move ahead of crucial state assembly polls, the Indian government on Wednesday announced an increase in the minimum support price for paddy by 5.35 per cent to Rs 2,300 per quintal for the 2024-25 kharif marketing season. Despite managing a substantial surplus of rice, the government approved a Rs 117 per quintal hike in paddy support price. …

Centre clears new minimum support price for 14 Kharif crops
6 months ago

Centre clears new minimum support price for 14 Kharif crops

Hindustan Times  

The Narendra Modi government on Wednesday approved the minimum support price on 14 Kharif crops, Union minister Ashwini Vaishnaw announced. The Narendra Modi government on Wednesday approved the minimum support price on 14 Kharif crops Vaishnaw said that after today's decision, the farmers will get around ₹2 lakh crore as MSP. The minister said the Centre had a clear policy …

RBI annual report 2023-2024: MSPs for kharif and rabi crops ensured minimum return of 50% over cost of production
6 months, 3 weeks ago

RBI annual report 2023-2024: MSPs for kharif and rabi crops ensured minimum return of 50% over cost of production

The Hindu  

The Minimum Support rices for both kharif and rabi seasons 2023-24 ensured a minimum return of 50% over the cost of production for all crops, said the Reserve Bank's Annual Report released on May 30. The overall public stock of foodgrains as on March 31, 2024 stood at 2.9 times the total quarterly buffer norm, the report said. The report, …

Farmers peeved as agri-bonus promise in Raj, MP not kept
9 months, 1 week ago

Farmers peeved as agri-bonus promise in Raj, MP not kept

New Indian Express  

NEW DELHI: The issue of agriculture bonuses is set to become a significant talking point during the forthcoming general elections, with resentment brewing among farmers following the BJP’s retraction of its initial commitment to provide bonus amounts in addition to the procurement of wheat and rice at the Minimum Support Price. The newly elected BJP governments in Madhya Pradesh and …

Rs 2,500 MSP per quintal of paddy in two years: TN Agriculture Minister
10 months ago

Rs 2,500 MSP per quintal of paddy in two years: TN Agriculture Minister

New Indian Express  

CHENNAI: In his response to the discussions on the agriculture budget, Minister for Agriculture and Farmers Welfare MRK Panneerselvam assured the Assembly that the electoral commitment to provide a Minimum Support Price of Rs 2,500 per quintal for paddy will be realised within the next two years. During his address, Panneerselvam addressed concerns raised by members regarding the sale of …

Centre increases Fair and Remunerative Price of sugarcane; will be in force from October 1
10 months ago

Centre increases Fair and Remunerative Price of sugarcane; will be in force from October 1

The Hindu  

The Cabinet Committee on Economic Affairs, which met in New Delhi on February 21, approved ₹340/quintal as the Fair and Remunerative Price of sugarcane for sugar season 2024-25 at sugar recovery rate of 10.25%. Briefing reporters about the decision, Union Information and Broadcasting Minister Anurag Thakur said the Narendra Modi government always gave importance to the issues of farmers and …

Govt hikes wheat MSP by Rs 150 to Rs 2,275 per quintal for 2024-25
1 year, 2 months ago

Govt hikes wheat MSP by Rs 150 to Rs 2,275 per quintal for 2024-25

Deccan Chronicle  

New Delhi: Ahead of the assembly polls in key wheat growing states, the government on Wednesday announced an increase in the minimum support price of wheat by Rs 150 to Rs 2,275 per quintal for the 2024-25 marketing season. Currently, the MSP of wheat stands at Rs 2,125 per quintal for the 2023-24 marketing season. The MSP of wheat has …

MSPs, dearness allowance raised ahead of elections
1 year, 2 months ago

MSPs, dearness allowance raised ahead of elections

Live Mint  

The Union cabinet approved a 2-7% increase in the minimum support price of six rabi crops and raised inflation-linked pay for central employees and pensioners ahead of key assembly and general elections, where farmers and government employees are influential voting blocs. The MSP increase for the 2024-25 rabi marketing season is in line with the government’s goal of doubling farmer …

Modi government hikes MSP for rabi crops for season 2024-25: Check latest prices
1 year, 2 months ago

Modi government hikes MSP for rabi crops for season 2024-25: Check latest prices

India TV News  

Ahead of upcoming Assembly elections, the Union Cabinet on Wednesday decided to raise the Minimum Support Prices for all required Rabi crops for the 2024-25 marketing season. The highest increase in MSP has been approved for lentil at Rs 425 per quintal followed by rapeseed and mustard at Rs 200 per quintal. Check the latest MSP of rabi crops Currently, …

Govt hikes wheat MSP by ₹150 per quintal to ₹2,275/quintal for 2024-25: I&B minister
1 year, 2 months ago

Govt hikes wheat MSP by ₹150 per quintal to ₹2,275/quintal for 2024-25: I&B minister

The Hindu  

October 18, 2023 05:03 pm | Updated 05:39 pm IST - New Delhi Ahead of assembly polls in key wheat growing states, the government on Wednesday announced an increase in the minimum support price of wheat by ₹150 to ₹2,275 per quintal for the 2024-25 marketing season. Currently, the MSP on wheat stands at ₹2,125 per quintal for the 2023-24 …

Wheat MSP increased by ₹150; highest hike since Narendra Modi became PM
1 year, 2 months ago

Wheat MSP increased by ₹150; highest hike since Narendra Modi became PM

Hindustan Times  

The Central government on Wednesday announced an increase in the minimum support price of wheat by ₹150. This is the highest hike in MSP prices since Narendra Modi became the prime minister of the country in 2014, PTI reported. Information and Broadcasting minister Anurag Thakur said the panel has approved hikes in the MSP of all mandated rabi crops for …

Centre hikes kharif crop MSPs, ₹143 increase for paddy
1 year, 6 months ago

Centre hikes kharif crop MSPs, ₹143 increase for paddy

The Hindu  

The Centre has set the Minimum Support Price for paddy sown in the kharif or monsoon season at ₹2,183 per quintal, a hike of ₹143 per quintal in comparison to last year. The MSP for moong is ₹8,558 per quintal, an increase of ₹803 from last year, one of the highest increases among kharif crops. For ragi, this year’s MSP …

Govt weighs 3-8% increase in MSP for kharif crops
1 year, 6 months ago

Govt weighs 3-8% increase in MSP for kharif crops

Live Mint  

NEW DELHI : The central government is weighing a 3-8% increase in the minimum support price for key kharif crops in 2023-24, according to two people familiar with the development. The MSP for common and grade A paddy varieties could see a 3-7% increase to the range of ₹2,100-2,200 per quintal, one of the two people said, requesting anonymity. The …

Each grain of wheat will be procured: Haryana CM Khattar
1 year, 8 months ago

Each grain of wheat will be procured: Haryana CM Khattar

Hindustan Times  

Haryana chief minister Manohar Lal Khattar on Tuesday assured the cultivators that “each grain of wheat” will be procured at the minimum support price of ₹2,125 per quintal. Haryana CM Manohar Lal Khattar on Tuesday assured the cultivators that “each grain of wheat” will be procured at the minimum support price of ₹ 2,125 per quintal. Expressing gratitude to the …

Good news for farmers! Govt hikes wheat MSP by Rs 110 to Rs 2,125/quintal; 2-9% rise in 6 rabi crops
2 years, 2 months ago

Good news for farmers! Govt hikes wheat MSP by Rs 110 to Rs 2,125/quintal; 2-9% rise in 6 rabi crops

India TV News  

The government on Tuesday hiked the minimum support price of six rabi crops by up to 9 per cent, with Rs 110 per quintal increase for wheat crop to boost domestic production and farmers' income. Wheat MSP has been raised by 5.45 per cent to Rs 2,125 per quintal from Rs 2,015 per quintal to encourage more area under the …

Price increase in wheat & rice normal; will intervene in market in case of abnormal rise: Food Secretary
2 years, 2 months ago

Price increase in wheat & rice normal; will intervene in market in case of abnormal rise: Food Secretary

The Hindu  

The government on October 17 said the price rise in wheat and rice has been "normal" and it will intervene in the market to offload the grains if there is any abnormal increase in the rates. Food Secretary Sudhanshu Pandey, in a press briefing, also said the government has surplus stocks of both wheat and rice in its godowns which …

Government announces hike in MSP for Kharif season
2 years, 6 months ago

Government announces hike in MSP for Kharif season

The Hindu  

The Union Cabinet on Wednesday hiked the minimum support price for paddy by ₹100 per quintal for the 2022-23 Kharif season. At a press briefing after a meeting of the Union Cabinet, Information and Broadcasting Minister Anurag Thakur said that Indian agriculture had scaled new heights in the last eight years because of the Modi government’s beej se bazar tak …

Centre explains reason for lower budget estimate than FY 2021-22
2 years, 10 months ago

Centre explains reason for lower budget estimate than FY 2021-22

Op India  

The All India Kisan Sabha, the farmer wing of the CPM, which is also a part of the Samyukt Kisan Morcha that led the demonstration against the three farm laws, slammed the Union Budget, calling it anti-poor, anti-farmer, insensitive to genuine demands of farmers. In fact this is lesser than the allocation of 2.48 lakh crore…"https://t.co/8cYf3bGthN — AIKS February 2, …

What is Minimum Support Price, or MSP?
3 years ago

What is Minimum Support Price, or MSP?

Business Standard  

MSPs are the prices at which the government procures certain crops from farmers to insure them against any sharp fall in prices. Based on the recommendations of the Commission for Agricultural Costs and Prices, the government declares MSP after considering the views of state governments and Central Ministries/Departments concerned for agricultural crops such as cereal, pulses, oilseeds and commercial crops …

Explained | What will a legal guarantee of MSP involve?
3 years ago

Explained | What will a legal guarantee of MSP involve?

The Hindu  

The story so far: After a year-long agitation on the borders of Delhi, protesting farm unions under the banner of the Samyukt Kisan Morcha have achieved their headline demand, namely the repeal of three contentious laws seeking to reform the storage and marketing of agricultural produce. In a letter to Prime Minister Narendra Modi, the SKM said MSP based on …

Amid protests, Centre hikes minimum support price for rabi crops
3 years, 3 months ago

Amid protests, Centre hikes minimum support price for rabi crops

The Hindu  

The Centre has increased the minimum support price for wheat for the upcoming rabi season to ₹2,015 per quintal, a 2% hike from the ₹1,975 per quintal rate of last year. Rapeseed and mustard farmers, who saw MSP rise 8.6%, or ₹400 per quintal, to a rate of ₹5,050 per quintal can also expect 100% returns. Masoor dal also saw …

Rate of MSP, procurement of crops increasing continuously after implementation of new farm laws: Tomar
3 years, 3 months ago

Rate of MSP, procurement of crops increasing continuously after implementation of new farm laws: Tomar

India TV News  

Union Agriculture Minister Narendra Singh Tomar on Wednesday hit back at those propagating "misinformation" about MSP with the emergence of the new farm laws. Tomar said that the rate of MSP and procurement of crops was increasing continuously after the implementation of the new farm laws. On the contrary, the rate of MSP and procurement of crops on MSP are …

Govt Hikes Wheat MSP by Rs 40 to Rs 2,015 Per Quintal for 2021-22 Crop Year
3 years, 3 months ago

Govt Hikes Wheat MSP by Rs 40 to Rs 2,015 Per Quintal for 2021-22 Crop Year

News 18  

New Delhi: The government on Wednesday hiked the minimum support price for wheat by Rs 40 to Rs 2,015 per quintal and for mustard seed by Rs 400 to Rs 5,050 per quintal for the current crop year. According to an official release, the CCEA has approved increase in the MSP for six rabi crops for the 2021-22 crop year …

Modi Govt hikes wheat MSP to Rs 2,015 per quintal amid ongoing farmers' protest
3 years, 3 months ago

Modi Govt hikes wheat MSP to Rs 2,015 per quintal amid ongoing farmers' protest

India TV News  

Rabi crop MSP: The government on Wednesday hiked the minimum support price for wheat by Rs 40 to Rs 2,015 per quintal and for mustard seed by Rs 400 to Rs 5,050 per quintal for the current crop year in order to boost crop area as well as income of farmers. Wheat MSP has been increased by Rs 40 to …

Farmers disappointed over ‘meagre hike’ in MSP for paddy
3 years, 6 months ago

Farmers disappointed over ‘meagre hike’ in MSP for paddy

The Hindu  

A section of farmers’ representatives of Tiruchi and delta districts has expressed disappointment over the “meagre” increase in the minimum support price for paddy announced by the Union government on Wednesday. Swaminathan Committee recommendation of providing for 50% profit over and above cost of cultivation for agricultural produce, Arupathy Kalyanam, general secretary, Federation of Farmers’ Associations of Delta Districts, said …

MSP hike to boost farmers’ income, improve living standards, says PM Modi
3 years, 6 months ago

MSP hike to boost farmers’ income, improve living standards, says PM Modi

Live Mint  

With the Centre hiking the MSP of several crops on Wednesday, Prime Minister Narendra Modi said the move will boost farmers' income and improve their living standards. The support price of maize has been increased marginally by ₹20 to ₹1,870 per quintal for the 2021-22 crop year from ₹1,850 per quintal last year. The moong support price has been increased …

Centre hikes MSP for kharif crops for 2021-2022; check new prices for paddy, pules, oilseeds here
3 years, 6 months ago

Centre hikes MSP for kharif crops for 2021-2022; check new prices for paddy, pules, oilseeds here

Firstpost  

Agriculture minister Narendra Singh Tomar said the Cabinet has approved the MSP of 14 kharif crops and farmers would get 50 to 85 percent returns over their cost of production New Delhi: The government on Wednesday raised the minimum support price of paddy marginally by Rs 72 per quintal to Rs 1,940 per quintal for the 2021-22 crop year, while …

In a First, Lakhs of Farmers in Punjab Receive Direct Payment for Their Wheat Produce
3 years, 8 months ago

In a First, Lakhs of Farmers in Punjab Receive Direct Payment for Their Wheat Produce

News 18  

Despite initial reluctance of the Punjab government to accept Direct Benefit Transfer mode for payment of the Minimum Support Price, the process seems to be yielding rich dividends for lakhs of farmers in the State. In the first few days of online transfer of the MSP for the wheat procured by the Food Corporation of India, the Centre has been …

Data | In 68% sale instances, crops sold below MSP in mandis
4 years, 2 months ago

Data | In 68% sale instances, crops sold below MSP in mandis

The Hindu  

Amid protests against the three farm laws, the government began procurement of Kharif crops at the Minimum Support Price. An analysis of 10 crops sold in the last one month in the mandis shows that in 68% of instances, crops were sold below the MSP. Even in the case of paddy, which is procured in significant quantity, the selling price …

'Paltry' MSP Hike Cruel Joke On Farmers, Says Punjab CM Amarinder Singh
4 years, 3 months ago

'Paltry' MSP Hike Cruel Joke On Farmers, Says Punjab CM Amarinder Singh

News 18  

Chandigarh: Punjab Chief Minister Amarinder Singh on Monday rejected the Centre’s paltry hike in MSP of wheat and five other Rabi crops as a cruel joke on farmers. He said the paltry hike has come amid their growing apprehensions about the abolition of the minimum support price regime following the passage of the new agriculture Bills in Parliament. The farmers …

Govt Hikes Support Prices for Wheat, Five Other Rabi Crops
4 years, 3 months ago

Govt Hikes Support Prices for Wheat, Five Other Rabi Crops

News 18  

The government on Monday hiked the minimum price for buying six rabi crops, including wheat, by up to six per cent, as it sought to send a strong message to farmers on continuation of MSP-based procurement system. The MSP of wheat, the biggest crop of rabi season, has been hiked by Rs 50 to Rs 1,975 per quintal, Agriculture Minister …

Govt hikes MSP for Rabi crops like wheat and gram
4 years, 3 months ago

Govt hikes MSP for Rabi crops like wheat and gram

India TV News  

The Union Cabinet has approved hike in Minimum Support Price for Rabi crops such as Wheat and Gram. The new farm bills will help farmers widen the range and market area to sell their produce and also negotiate for a better price. The government proposed three new farm bills, out of which two have already been passed in both the …

Govt hikes MSP for rabi crops as farm bills row rages on
4 years, 3 months ago

Govt hikes MSP for rabi crops as farm bills row rages on

India Today  

The government on Monday hiked the minimum price for buying six rabi crops, including wheat, by up to six per cent, as it sought to send a strong message to farmers on continuation of Minimum Support Price -based procurement system. The MSP of wheat, the biggest crop of rabi season, has been hiked by Rs 50 to Rs 1,975 per …

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