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Government Raises Kharif Crop MSPs for 2024-25, Enhancing Farmer Margins

19 Jun 2024 10:06 pm
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MUMBAI, 19 Jun (Commoditiescontrol): The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved higher Minimum Support Prices (MSP) for all mandated Kharif crops for the 2024-25 marketing season. This decision aims to ensure remunerative prices for farmers. Notable increases include nigerseed by ₹983 per quintal, sesamum by ₹632 per quintal, and tur/arhar by ₹550 per quintal. The MSP hike aligns with the Union Budget 2018-19 announcement, ensuring at least 1.5 times the cost of production, benefiting farmers with margins up to 77% for certain crops.Revision in major pulses and oil seed are as under

Minimum Support Prices for all Kharif crops for Marketing Season 2024-25

This comprehensive increase across all crops is part of the government's commitment to support farmers and enhance agricultural productivity. For more details, visit the official press release.www.pib.gov.in/PressReleaseIframePage.aspx

(By Commoditiescontrol Bureau; +91 98201 3018)

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