Increase in Minimum Support Prices for Rabi Crops

 

Increase in Minimum Support Prices for Rabi Crops

Posted On: 16 DEC 2022 6:29PM by PIB Delhi

Government has increased Minimum Support Prices (MSP) of 6 mandated Rabi crops for Rabi Marketing Season (RMS) 2023-24, on the basis of recommendation of Commission for Agricultural Costs & Prices (CACP), after considering the views of State Governments and Central Ministries/Departments concerned. The MSP for wheat now stands at 2125 ₹ per quintal; Barley 1735 ₹ per quintal; Gram 5335 ₹ per quintal; Masur 6000 ₹ per quintal; Rapeseed & Mustard 5450 ₹ per quintal and Safflower 5650 ₹ per quintal.Details of increase in MSP of 6 mandated rabi crops for the last three years and current year is as follow;

Annexure

Minimum Support Price (MSP) of mandated Agricultural Crops

 

(MSP in ₹ per quintal)

 

		Minimum Support Prices                        (₹ per quintal)				Absolute Increase over previous year
Sl. No.	Commodity	2019-20	2020-21	2021-22	2022-23	2020-21	2021-22	2022-23
1	WHEAT	1925	1975	2015	2125	50	40	110
2	BARLEY	1525	1600	1635	1735	75	35	100
3	GRAM	4875	5100	5230	5335	225	130	105
4	MASUR (LENTIL)	4800	5100	5500	6000	300	400	500
5	RAPESEED & MUSTARD	4425	4650	5050	5450	225	400	400
6	SAFFLOWER	5215	5327	5441	5650	112	114	209

 

The country has witnessed emphatic growth in export of agri and allied commodities. As compared to the year 2015-16, the Agri and allied export has increased from 32.81 billion USD in 2015-16 to 50.24 billion USD in 2021-22 i.e. an increase of 53.1%.

The efforts of Government at positive implementation of these schemes have yielded remarkable results towards augmenting the income of the farmers. As part of the ‘Azadi ka Amrit Mahotsav’, Indian Council of Agricultural Research (ICAR) has released a book, which contains compilation of success stories of 75,000 farmers out of innumerable successful farmers who have increased their income more than two times.

This information was given by the Union Minister of Agriculture & Farmers’ Welfare, Shri Narendra Singh Tomar in a written reply in Rajya Sabha today.