Check MSP for Kharif Crops 2024-25 Online: Central government led by PM Narendra Modi approved increase in Minimum Support Prices (MSP) for all mandated Kharif Crops for Marketing Season 2024-25. Union govt. of India has increased MSP of Kharif Crops for Marketing Season 2024-25, to ensure remunerative prices to the growers for their produce. The highest absolute increase in MSP over the previous year has been recommended for oilseeds and pulses viz. nigerseed (Rs. 983/- per quintal) followed by sesamum (Rs.632/- per quintal) and tur/arhar (Rs.550/- per quintal).
Read this article till the end to know minimum support prices of all kharif crops for marketing season 2024-25 as approved by the Union cabinet.
The increase in MSP for Kharif Crops for Marketing Season 2024-25 is in line with the Union Budget 2018-19 announcement of fixing the MSP at a level of at least 1.5 times of the All-India weighted average cost of production, The expected margin to farmers over their cost of production are estimated to be highest in case of bajra (77%) followed by tur (59%), maize (54%) and urad (52%). For rest of the crops, margin to farmers over their cost of production is estimated to be at 50%.
In the recent years, Government has been promoting the cultivation of crops, other than cereals such as pulses and oilseeds, and Nutri-cereals/ Shree Anna, by offering a higher MSP for these crops.
MSP for Kharif Crops 2024-25 (in Rs. Per Quintal)
| Crops | MSP 2024-25 | Cost* KMS 2024-25 | Margin Over Cost (%) | MSP 2023-24 | MSP Increase in 2024-25 over 2023-24 |
|---|---|---|---|---|---|
| Common Paddy | 2300 | 1533 | 50 | 2183 | 117 |
| Grade A Paddy | 2320 | - | - | 2203 | 117 |
| Hybrid Jowar | 3371 | 2247 | 50 | 3180 | 191 |
| Maldandi Jowar | 3421 | - | - | 3225 | 196 |
| Bajra | 2625 | 1485 | 77 | 2500 | 125 |
| Ragi | 4290 | 2860 | 50 | 3846 | 444 |
| Maize | 2225 | 1447 | 54 | 2090 | 135 |
| Tur / Arhar | 7550 | 4761 | 59 | 7000 | 550 |
| Moong | 8682 | 5788 | 50 | 8558 | 124 |
| Urad | 7400 | 4883 | 52 | 6950 | 450 |
| Groundnut | 6783 | 4522 | 50 | 6377 | 406 |
| Sunflower Seed | 7280 | 4853 | 50 | 6760 | 520 |
| Soybean (Yellow) | 4892 | 3261 | 50 | 4600 | 292 |
| Sesamum | 9267 | 6178 | 50 | 8635 | 632 |
| Nigerseed | 8717 | 5811 | 50 | 7734 | 983 |
| Cotton (Medium Staple) | 7121 | 4747 | 50 | 6620 | 501 |
| Cotton (Long Staple) | 7521 | - | - | 7020 | 501 |
Note - A Cost data are not separately compiled for Paddy (Grade A), Jowar (Maldandi) and Cotton (Long staple).
Paid Out Costs Included in New Kharif Crops MSP
These new MSPs for Kharif Crops for 2024-25 marketing season will includes all paid out costs which are incurred on account of the following things:-
- Hired human labour,
- Bullock labour/machine labour,
- Rent paid for leased in land,
- Expenses incurred on use of material inputs like seeds, fertilizers, manures,
- Irrigation charges,
- Depreciation on implements and farm buildings,
- Interest on working capital,
- Diesel/electricity for operation of pump sets etc.,
- Miscellaneous expenses and
- Imputed value of family labour.
In the recent years, Government has been promoting the cultivation of crops, other than cereals such as pulses and oilseeds, and Nutri-cereals/ Shree Anna, by offering a higher MSP for these crops.
Comparison of MSP for Kharif Crops from 2003-04 to 2023-24
During the period 2003-04 to 2013-14 for 14 crops covered under Kharif Marketing Season, the minimum absolute increase in MSP was Rs. 745/- per quintal for Bajra and maximum absolute increase was Rs. 3,130/- per quintal for Moong while during the period 2013-14 to 2023-24, the minimum absolute increase in MSP was Rs. 780/- per quintal for Maize and maximum absolute increase was Rs. 4,234/- per quintal for Nigerseed. Details are mentioned here.
| Crops | MSP 2003-04 | MSP 2013-14 | MSP 2023-24 | Increase in MSP in 2013-14 over 2003-04 | Increase in MSP in 2023-24 over 2013-14 |
|---|---|---|---|---|---|
| Common Paddy | 550 | 1310 | 2183 | 760 | 873 |
| Grade A Paddy | 580 | 1345 | 2203 | 765 | 858 |
| Hybrid Jowar | 505 | 1500 | 3180 | 995 | 1680 |
| Maldandi Jowar | - | 1520 | 3225 | - | 1705 |
| Bajra | 505 | 1250 | 2500 | 745 | 1250 |
| Ragi | 505 | 1500 | 3846 | 995 | 2346 |
| Maize | 505 | 1310 | 2090 | 805 | 780 |
| Tur / Arhar | 1360 | 4300 | 7000 | 2940 | 2700 |
| Moong | 1370 | 4500 | 8558 | 3130 | 4058 |
| Urad | 1370 | 4300 | 6950 | 2930 | 2650 |
| Groundnut | 1400 | 4000 | 6377 | 2600 | 2377 |
| Sunflower Seed | 1250 | 3700 | 6760 | 2450 | 3060 |
| Soybean (Yellow) | 930 | 2560 | 4600 | 1630 | 2040 |
| Sesamum | 1485 | 4500 | 8635 | 3015 | 4135 |
| Nigerseed | 1155 | 3500 | 7734 | 2345 | 4234 |
| Cotton (Medium Staple) | 1725 | 3700 | 6620 | 1975 | 2920 |
| Cotton (Long Staple) | 1925 | 4000 | 7020 | 2075 | 3020 |
During the period 2004-05 to 2013-14, the procurement of 14 crops covered under Kharif Marketing Season was 4,675.98 Lakhs Metric Ton (LMT) while during the period 2014-15 to 2023-24, procurement of these crops was 7,108.65 LMT.
As per the 3rd Advance Estimates of production for 2023-24, total foodgrain production in the country is estimated at 3288.6 Lakhs Metric Ton (LMT), and oilseeds production is touching 395.9 LMT. During 2023-24, kharif production of rice, pulses, oilseeds and nutri-cereals/Shree Anna and cotton is estimated to be 1143.7 LMT, 68.6 LMT, 241.2 LMT, 130.3 LMT and 325.2 Lakh bales, respectively.
As per the 3rd Advance Estimates of production for 2023-24, total foodgrain production in the country is estimated at 3288.6 Lakhs Metric Ton (LMT), and oilseeds production is touching 395.9 LMT. During 2023-24, kharif production of rice, pulses, oilseeds and nutri-cereals/Shree Anna and cotton is estimated to be 1143.7 LMT, 68.6 LMT, 241.2 LMT, 130.3 LMT and 325.2 Lakh bales, respectively.
Tags
Central Government