Cabinet hikes MSP for rabi crops
New Delhi, Oct. 2 -- The Union Cabinet chaired by Prime Minister Narendra Modi approved minimum support prices (MSPs) for a slew of rabi or winter-sown crops, raising them by 4-10% for the 2026-27 season to offer remunerative returns to farmers.
The Cabinet raised the MSP for wheat, the main winter staple, by 6.6% to Rs.2,585 a quintal. The increase in the MSPs is in line with the practice of fixing the rates at a level of at least 1.5 times the all-India weighted average cost of production, first announced in the Union Budget 2018-19.
The Cabinet also stuck to a trend of clearing higher rates for oilseeds and pulses compared to other commodities because they are scarce.
In absolute terms, the highest increase has been given to safflower, u...
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