Union Cabinet approves MSP hike for all mandated rabi crops

The Cabinet has approved minimum support price (MSP) hike for all mandated rabi crops for marketing season 2023-24, union minister Anurag Thakur announced.

The MSP for lentil (Masur) has seen the highest increase of Rs 500 per quintal. Rapeseed and Mustartd has been increased by Rs 400.

MSP is the rate at which the government buys grain from farmers. Currently, the government fixes MSPs for 23 crops grown in both Kharif and rabi seasons.


Sowing of rabi (winter) crops begins in October, immediately after the harvest of kharif (summer) crops. Wheat and mustard are major rabi crops.

According to an official release, the CCEA has approved an increase in MSPs for six rabi crops for the 2022-23 crop year (July-June) and the 2023-24 marketing season.

Wheat MSP has been increased by Rs 110 to Rs 2,125 per quintal for this crop year from Rs 2,015 per quintal in the 2021-22 crop year.

The cost of production of wheat is estimated at Rs 1,065 per quintal, the release said.

(With inputs from PTI)