Business EconomyPosted at: Sep 30 2026 3:42PM


Govt raises MSP for Rabi crops including Wheat, Mustard, Masur, Gram

New Delhi, Sep 30 (UNI) The government has announced a fresh increase in the Minimum Support Price (MSP) for all six mandated Rabi crops for the 2027-28 marketing season.
The decision was approved by the Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi.
The biggest increase has been announced for safflower, with its MSP rising by Rs 675 per quintal. Rapeseed and mustard will see the second-highest increase of Rs 413 per quintal, while the MSP for lentil (masur) has been raised by Rs 390 per quintal.
For other major Rabi crops, the MSP has been increased by Rs 136 per quintal for barley, Rs 83 for gram and Rs 25 for wheat. The government said the higher support prices are aimed at providing farmers with better returns and encouraging crop diversification.
The latest revision follows the government's policy of keeping MSP at least 1.5 times the all-India weighted average cost of production, a principle announced in the union Budget 2018-19. According to the government, the revised MSPs will provide returns ranging from 50% to 106% over the estimated cost of production.
Wheat will have the highest margin over its production cost at 106%, followed by rapeseed and mustard at 96% and lentil at 92%. The corresponding margins for gram, barley and safflower are estimated at 59%, 58% and 50%, respectively.
The government has increasingly used higher MSPs for pulses and oilseeds to encourage farmers to move beyond cereal cultivation and support crop diversification.
The Centre also highlighted the increase in government procurement and MSP payments over the years. Wheat procurement during 2014-15 to 2025-26 stood at 3,715 lakh tonnes (LMT), compared with 2,254 LMT during 2004-05 to 2013-14.
For all six Rabi crops combined, procurement increased to 3,921 LMT during 2014-15 to 2025-26, from 2,302 LMT in the preceding comparable period.
The amount paid as MSP to wheat farmers also increased substantially, reaching Rs 7.31 lakh crore during 2014-15 to 2025-26, compared with Rs 2.56 lakh crore during 2004-05 to 2013-14.
For farmers growing the six Rabi crops, total MSP payments rose to Rs 8.36 lakh crore during 2014-15 to 2025-26, against Rs 2.65 lakh crore in the earlier period.
UNI VK ATP ARN
Please log in to get detailed story.
Tags: #Govt raises MSP for Rabi crops including Wheat# Mustard# Masur# Gram
More News

IndiGo hikes fuel surcharge from October 6 as ATF prices surge; airfares set to rise

05 Oct 2026 | 6:46 PM

New Delhi, Oct 5 (UNI) IndiGo is set to increase its fuel surcharge on domestic and international flights from October 6, citing a sharp rise in aviation turbine fuel (ATF) prices amid heightened geopolitical tensions in the Middle East.

see more..

Stock market snaps four-day losing streak; Nifty above 22,500

05 Oct 2026 | 6:20 PM

New Delhi, Oct 5 (UNI) The Indian stock market on Monday snapped its four-day losing streak. Nifty closed above 22,500 in a volatile session, supported by falling crude oil prices and buying across sectors.

see more..

India-US trade talks at ‘plateau’, further concessions may be difficult: Sitharaman

05 Oct 2026 | 5:32 PM

New Delhi, Oct 5 (UNI) India-US trade negotiations are continuing, but the two sides may have reached a point where securing further concessions could become increasingly difficult, union Finance Minister Nirmala Sitharaman said on Monday.

see more..

L&T bags big power transmission orders in Saudi Arabia, UAE

05 Oct 2026 | 4:38 PM

New Delhi, Oct 5 (UNI) Larsen & Toubro (L&T) on Monday said its Power Transmission & Distribution (PT&D) business has secured multiple engineering, procurement and construction (EPC) orders in India and overseas, with a focus on strengthening electricity transmission networks and supporting renewable energy integration.

see more..

TVS ASL attracts strategic investment from UAE-based Crescent Enterprises

05 Oct 2026 | 4:33 PM

Chennai, Oct 5 (UNI) TVS Automobile Solutions (TVS ASL), the owner of the ‘myTVS’ automotive aftermarket brand and part of the USD 3 billion TVS Mobility Group, today announced that it has raised Rs.425 crore in a Series D funding round led by CE-Invests, the strategic investment arm of UAE-based Crescent Enterprises.

see more..