Increase in Minimum Support Prices (MSP) for Rabi Crops in 2024-25
The Cabinet Committee on Economic Affairs, led by Prime Minister Narendra Modi, has approved an increase in the Minimum Support Prices (MSP) for Rabi Crops for the Marketing Season 2024-25. This decision aims to ensure fair prices for farmers and encourage crop diversification.
Wheat: The MSP for wheat has increased by Rs. 150 per quintal, reaching Rs. 2275 per quintal for the 2024-25 season. This provides a 102% margin over the cost of production.
Safflower: Safflower’s MSP has risen by Rs. 150 per quintal, reaching Rs. 5800 per quintal, with a 52% margin over the cost of production.
S.No | Crops | MSP RMS 2024-25 | Cost of Production RMS 2024-25 | Increase in MSP (Absolute) | Margin over Cost (in %) |
---|---|---|---|---|---|
1 | Wheat | Rs. 2275 | Rs. 1128 | Rs. 150 | 102% |
2 | Barley | Rs. 1850 | Rs. 1158 | Rs. 115 | 60% |
3 | Gram | Rs. 5440 | Rs. 3400 | Rs. 105 | 60% |
4 | Lentil (Masur) | Rs. 6425 | Rs. 3405 | Rs. 425 | 89% |
5 | Rapeseed | & Mustard | Rs. 5650 | Rs. 2855 | Rs. 200 |
6 | Safflower | Rs. 5800 | Rs. 3807 | Rs. 150 | 52% |
Find More News on Economy Here
Chocolate is one of the most loved sweets in the world. People of all ages…
As the global economy navigates a period of significant uncertainty, India stands out as a…
Kerala is a beautiful state in southern part of India, known for its green landscapes,…
The Indian Premier League (IPL) has seen a major rise in value this year. A…
BMW Group India has announced that Mr. Hardeep Singh Brar will take over as the…
Adani Power Ltd has bought a 600 MW power plant in Vidarbha, Maharashtra for ₹4,000…