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

The Cabinet Committee on Economic Affairs (CCEA), chaired by the Prime Minister, has approved the Minimum Support Prices (MSP) for all mandated Rabi crops for the Marketing Season 2027-28. The increases aim to ensure remunerative prices for growers and incentivize crop diversification towards pulses and oilseeds. The highest absolute increase in MSP has been announced for Safflower, followed by Rapeseed & Mustard, Lentil, Barley, Gram, and Wheat. The pricing aligns with the Union Budget announcement of fixing MSP at least 1.5 times the All-India weighted average cost of production, with margins ranging from 50 to 106 percent across different crops. Additionally, the government highlighted comparative procurement figures and MSP amounts paid to farmers across previous decades.