Cabinet approves hike in Rabi minimum support prices for 2027-28 season
The Indian Cabinet has approved an increase in Minimum Support Prices (MSP) for all Rabi crops for the 2027-28 season. Safflower received the largest percentage increase, while wheat saw a modest 1% rise.
Why it matters
Adjusting MSP is a vital economic tool for the Indian government to ensure farmer income stability and incentivize crop diversification across the country.
The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved the increase in the Minimum Support Prices (MSP) for all mandated Rabi crops for the marketing season 2027-28, with safflower receiving the biggest increase, the government announced.
The MSP for safflower was increased by ₹675 per quintal to ₹7,215 per quintal, an increase of 10.3% over its level in the previous year. Rapeseed and mustard saw their MSP increase by 6.7% or ₹413 per quintal to ₹6,613 per quintal.
The MSP for barley was increased by 6.3% to ₹2,286 per quintal, masur dal by 5.6% to ₹7,390 per quintal, gram by 1.4% to ₹5,958 per quintal, and for wheat by 1% to ₹2,610 per quintal.
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