In an effort to increase productivity and farmer income, the Centre has increased the minimum support price (MSP) for all mandatory rabi crops for the marketing season 2023–2024, including wheat by Rs. 110 and mustard by Rs. 400.
At a meeting of the Cabinet Committee on Economic Affairs (CCEA), which was presided over by Prime Minister Narendra Modi, the decision was made. Six rabi crops’ MSPs have been raised by the CCEA for the 2022–2023 crop year (July–June) and the 2023–2024 marketing season.
The MSP is the price the government pays farmers for their grain. The government currently sets MSPs for 23 crops that are farmed throughout both the rabi and kharif seasons.
Check for updated prices
Wheat – Rs 2,125, hiked by Rs 110 per quintal
Rapeseed and Mustard oil – Rs 5,450, hiked by Rs 110 per quintal
Barley – Rs 1,735, hiked by Rs 100 per quintal
Gram – Rs 5,335, hiked by Rs 105 per quintal
Lentil (Masur) – Rs 6,000, hiked by Rs 500 per quintal
Safflower – Rs 5,650, hiked by Rs 209 per quintal
