Government Fixes MSPs for 22 Crops Annually Based on Commission for Agricultural Costs & Prices Recommendations

India, Feb. 3 -- The Government of India has issued a release:

All MSP Crops

2022-23

2023-24

2024-25

Total Procurement

1,118

1,089

1,223

Total MSP Value

2.47

2.63

3.47

(In LMT)

(In lakh Crore)

Every year, Government fixes Minimum Support Prices (MSPs) for 22 mandated agricultural crops for the country as a whole, based on the recommendations of Commission for Agricultural Costs & Prices (CACP), after considering the views of State Governments and Central Ministries/Departments concerned. The 22 mandated crops include 14 Kharif crops viz. paddy, jowar, bajra, maize, ragi, tur (arhar), moong, urad, groundnut, soyabean, sunflower, sesamum, nigerseed, cotton and 6 Rabi crops viz. wheat, barley, gram, masur (lentil), rapeseed & mu...