Minimum Support Price for Kharif Crops 2023-24

June 10, 2023 no responses

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	-