Minimum Support Price for Kharif Crops 2023-24

Minimum Support Price (MSP)

The Minimum Support Price (MSP) is the lowest price at which the Government of India (GoI) would buy agricultural products from farmers. It is released by the Government of India at the start of the sowing season for specific crops based on the recommendations of the Commission for Agricultural Costs and Prices (CACP).

The MSP is a form of market intervention by the Government of India to protect agricultural producers from a severe drop in farm prices. It is also used to ensure that farmers receive a fair price for their produce and to safeguard them against distress sales.

Minimum Support Price for Kharif Crops 2023-24

Crops

MSP 2022-23

MSP 2023-24

Cost* KMS 2023-24

Increase in MSP over 2022-23

Margin over cost in per cent

Paddy -Common

2040

2183

1455

143

50

Paddy-Grade A^

2060

2203

-

143

-

Jowar-Hybrid

2970

3180

2120

210

50

Jowar- Maldandi^

2990

3225

-

235

-

Bajra

2350

2500

1371

150

82

Ragi

3578

3846

2564

268

50

Maize

1962

2090

1394

128

50

Tur /Arhar

6600

7000

4444

400

58

Moong

7755

8558

5705

803

50

Urad

6600

6950

4592

350

51

Groundnut

5850

6377

4251

527

50

Sunflower Seed

6400

6760

4505

360

50

Soybean (Yellow)

4300

4600

3029

300

52

Sesamum

7830

8635

5755

805

50

Nigerseed

7287

7734

5156

447

50

Cotton (Medium Staple)

6080

6620

4411

540

50

Cotton (Long Staple) ^

6380

7020

-

640

-

Central Sheep Breeding Farm scheme

Central Herd Registration Scheme

App for Preparation of Agriculture Exams

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