New MSP Price List 2024 for Rabi and Kharif Crops

Central Government of India has released new MSP price list 2024 for Rabi crops (Wheat, Barley, Gram, Safflower) and Kharif crops (Paddy, Jowar, Bajra, Ragi, Urad, Moog, Nigerseed, Cotton, Groundnut) for marketing season 2023-24

The Cabinet Committee on Economic Affairs (CCEA) has approved new MSP price list for rabi and kharif crops. The increase in the Minimum Support Price (MSP) for all mandated rabi crops for marketing season 2023-24 and Minimum Support Price (MSP) for kharif crops during the marketing season 2023-24.

New MSP price list raised for rabi crops MSP 2023-24 will be applicable for crops to be marketed in rabi marketing season (RMS) 2022-23. This new MSP policy will assure minimum 50% as margin of profit. Increase in rabi crops MSP 2023-24 is a major step towards doubling farmer’s income by 2024 & improving their welfare substantively.

New MSP Price List 2024-25

Government has increased the MSP of rabi crops for RMS 2024-25, to ensure remunerative prices to the growers for their produce. The highest absolute increase in MSP over the previous year has been recommended for Lentil (Masur) and Rapeseeds & Mustard (Rs.400 per quintal each) followed by gram (₹130 per quintal). In case of Safflower there has been an increase of ₹114 per quintal in comparison to last year 2022-23.

1. Paddy - ₹2183
2. Paddy Grade A - ₹2203
3. Jowar Hybrid - ₹3180
4. Jowar Maldandi - ₹3225
5. Bajra - ₹2500
6. Ragi - ₹3846
7. Maize - ₹2090
8. Tur/Arhar - ₹7000
9. Moong - ₹8558
10. Urad - ₹6950
11. Groundnut - ₹6377
12. Sunflower Seed - ₹6760
13. Soyabean (Yellow) - ₹4600
14. Sesamum - ₹8635
15. Nigerseed - ₹7734
16. Cotton (Medium Staple) - ₹6620
17. Cotton (Long Staple) - ₹7020

New MSP Price List 2023-24 for Rabi Crops

These new MSPs for rabi crops for 2023-24 season will includes all paid out costs which are incurred by farmers on following things.

  • Hired human labour,
  • Bullock labour/machine labour
  • Rent incurred for leased in land
  • Expenses incurred on material inputs like seeds, fertilizers, manures
  • Irrigation charges
  • Depreciation on implements and farm buildings
  • Interest on working capital
  • Diesel / electricity for operation of pump sets
  • Imputed value of family labour
S.No.CropsMSP RMS 2021-22MSP RMS 2022-23MSP RMS 2023-24Cost* of production RMS 2023-24Increase in MSP (Absolute)Return over cost (in per cent)
4Lentil (Masur)510055006000323950085
5Rapeseed & Mustard4650505054502670400104
MSP List for All Rabi Crops for Marketing Season 2023-24

New MSP Price List 2023-24 for Kharif Crops

Minimum Support Prices for Kharif Marketing Season (KMS) 2023-24

CropsMSP 2014-15MSP 2022-23MSP 2023-24Cost* KMS 2023-24Increase in MSP over 2022-23Margin over cost in per cent
Paddy - Common136020402183145514350
Paddy - Grade A140020602203-143-
Jowar - Hybrid153029703180212021050
Jowar - Maldandi155029903225-235-
Tur / Arhar435066007000444440058
Sunflower Seed375064006760450536050
Soybean (Yellow)256043004600302930052
Cotton (Medium Staple)375060806620441154050
Cotton (Long Staple)405063807020-640-
New MSP 2023-24 List for Kharif Crops

New MSP Price List 2023-24 PDF Download - Rabi & Kharif Crops

Government has approved the increase in MSPs for mandated Kharif Crops for marketing season 2023-24. The decision of the Government to increase Kharif crops MSP fulfills the commitment to the farmers to provide at least 50% return over cost of production. The details of MSps for Kharif Crops 2023-24 are given below.

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MSP Price List for Kharif Crops
New MSP Price List for Rabi Crops 2023-24
New MSP Price List for Kharif Crops
New MSP Price List for Kharif Crops 2023-24

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