India Approves MSP Hikes for 14 Kharif Crops

The Indian Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, approved increases in the minimum support prices for 14 kharif crops for the 2026-27 marketing season on May 13, 2026, ahead of the sowing period starting in June with the southwest monsoon.

The MSP for common-grade paddy rose by Rs 72 per quintal to Rs 2,441, while Grade A paddy increased to Rs 2,461 per quintal. Maize saw a Rs 10 hike to Rs 2,410 per quintal. Larger increases targeted pulses, oilseeds and cotton to promote crop diversification and reduce import reliance. Pulses included tur or arhar at Rs 8,450 per quintal, up Rs 450; urad at Rs 8,200, up Rs 400; and moong at Rs 8,780, up Rs 12. Oilseeds featured sunflower seed at Rs 8,343, up Rs 622, the highest absolute rise; nigerseed at Rs 10,052, up Rs 515; sesamum at Rs 10,346, up Rs 500; soyabean at Rs 5,708, up Rs 380; and groundnut at Rs 7,517, up Rs 254. Cotton medium staple reached Rs 8,267 and long staple Rs 8,667, both up Rs 557. Coarse cereals comprised jowar hybrid at Rs 4,023, bajra at Rs 2,900, up Rs 125, ragi at Rs 5,205, up Rs 319, and jowar Maldandi at Rs 4,073.

Information and Broadcasting Minister Ashwini Vaishnaw...