Cabinet approves Minimum Support Prices (MSP) for Rabi Crops for Marketing Season 2027-28

The Cabinet Committee on Economic Affairs has approved the Minimum Support Prices (MSP) for all mandated Rabi crops for the Marketing Season 2027-28 to provide remunerative prices to growers. The highest absolute MSP increase is announced for Safflower (Rs. 675 per quintal), followed by Rapeseed & Mustard (Rs. 413), Lentil (Rs. 390), Barley (Rs. 136), Gram (Rs. 83), and Wheat (Rs. 25). The pricing aligns with the Union Budget 2018-19 announcement to fix MSP at at least 1.5 times the All-India weighted average Cost of Production. Expected margins over production costs range from 50 percent for safflower to 106 percent for wheat. Additionally, the government highlighted comparative procurement figures and MSP amounts paid to farmers between the periods 2004-05 to 2013-14 and 2014-15 to 2025-26.