Friday, April 19, 2024
HomeBharat NewsUnion Cabinet Approves MSP for Kharif Crops 2023-24

Union Cabinet Approves MSP for Kharif Crops 2023-24

Estimated reading time: 1 minute

The Minimum Support Prices (MSP) for all mandated Kharif crops for Marketing Season 2023-24 have been approved by the Cabinet Committee on Economic Affairs (CCEA), which was chaired by the Hon’ble Prime Minister Shri Narendra Modi.

For Marketing Season 2023-24, the Government has raised the MSP of Kharif Crops, with the aim of guaranteeing profitable prices to farmers for their yield and promoting crop diversification. The corresponding values are listed in the table below.

Kharif Marketing Season (KMS) 2023-24’s Minimum Support Prices.

CropsMSP 2014-15MSP 2022-23MSP 2023-24 Cost* KMS 2023-24Increase in MSP over 2022-23Margin over cost in per cent
Paddy -Common136020402183145514350
Paddy-Grade A^140020602203143
Jowar-Hybrid153029703180212021050
Jowar- Maldandi^155029903225235
Bajra125023502500137115082
Ragi155035783846256426850
Maize131019622090139412850
Tur /Arhar435066007000444440058
Moong460077558558570580350
Urad435066006950459235051
Groundnut400058506377425152750
Sunflower Seed375064006760450536050
Soybean (Yellow)256043004600302930052
Sesamum460078308635575580550
Nigerseed360072877734515644750
Cotton (Medium Staple)375060806620441154050
Cotton (Long Staple) ^405063807020640
Google News

Latest Stories

RELATED ARTICLES
- Advertisment - NIT Infotech