Centre Hikes MSP For Kharif Crops For Marketing Season 2023-24

The Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi on Wednesday approved the increase in minimum support price (MSP) for kharif crops for the 2023-24 season.

MSP for paddy (common variety) has been hiked from Rs 2,040 per 100 kg to Rs 2,183. For the grade A variety, it was hiked from Rs 2,060 to Rs 2,203. For millets such as bajra and ragi, the MSP has been hiked from Rs 2,350 to Rs 2,500; and Rs 3,578 to Rs 3,846.

For pulses tur, moong, and urad, the MSP was hiked Rs 6,600 to Rs 7,000; Rs 7,755 to Rs 8,558, Rs 6,600 to Rs 6,950. India has three cropping seasons- summer, kharif and rabi. 

Crops sown from June to July and harvested from October to November are kharif.

The government believes the rise in prices will encourage crop diversification. 

Addressing a press conference, Union Food and Public Distribution Minister Piyush Goyal reiterated total food grain production for the agricultural year 2022-23 is projected at 330.5 million tonnes.

As per third advance estimates for 2022-23, total food grain production in the country is estimated at record 330.5 million tonnes, which is higher by 14.9 million tonnes as compared to the previous year 2021-22. 

This is the highest increase in the last five years.