Minimum Support Prices for Crops for Kharif Marketing Season 2024-25 revealed by central govt, check MSP for Kharif Crops 2024-25. PM Narendra Modi led central government approved increase in MSP for all mandated Kharif Crops for Marketing Season 2024-25. It would ensure that each farmer, who is grower of crops, gets remunerative prices for their farm produce. In this article, we will tell you about the MSP for Kharif Crops 2024-25 as approved in union cabinet meeting.
Here are the minimum support prices (MSP) for Kharif crops 2024-25 in Rs. per Quintal, cost of producing crops for KMS 2024-25 and margin over cost in percentage:-
Crops
MSP 2024-25
Cost* KMS 2024-25
Margin Over Cost (%)
Common Paddy
2300
1533
50
Grade A Paddy
2320
–
–
Hybrid Jowar
3371
2247
50
Maldandi Jowar
3421
–
–
Bajra
2625
1485
77
Ragi
4290
2860
50
Maize
2225
1447
54
Tur / Arhar
7550
4761
59
Moong
8682
5788
50
Urad
7400
4883
52
Groundnut
6783
4522
50
Sunflower Seed
7280
4853
50
Soybean (Yellow)
4892
3261
50
Sesamum
9267
6178
50
Nigerseed
8717
5811
50
Cotton (Medium Staple)
7121
4747
50
Cotton (Long Staple)
7521
–
–
The expected margin to farmers over their cost of production are estimated to be highest in case of bajra (77%) followed by tur/arhar (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%.
Note: Cost data is not separately compiled for Paddy (Grade A), Jowar (Maldandi) and Cotton (Long staple).
Comparison of MSP of Kharif Crops with Previous Year
Here is the comparison of MSP for Kharif Crops for Marketing Season 2024-25 with that of KMS 2023-25. In this table, you can also check the MSP increase in 2024-25 over the previous year.
Crops
MSP 2024-25
MSP 2023-24
MSP Increase in 2024-25 over 2023-24
Common Paddy
2300
2183
117
Grade A Paddy
2320
2203
117
Hybrid Jowar
3371
3180
191
Maldandi Jowar
3421
3225
196
Bajra
2625
2500
125
Ragi
4290
3846
444
Maize
2225
2090
135
Tur / Arhar
7550
7000
550
Moong
8682
8558
124
Urad
7400
6950
450
Groundnut
6783
6377
406
Sunflower Seed
7280
6760
520
Soybean (Yellow)
4892
4600
292
Sesamum
9267
8635
632
Nigerseed
8717
7734
983
Cotton (Medium Staple)
7121
6620
501
Cotton (Long Staple)
7521
7020
501
The highest absolute increase in MSP over the previous year has been recommended for nigerseed (Rs. 983 per quintal) followed by sesamum (Rs. 632 per quintal) and tur/arhar (Rs. 550 per quintal). The lowest absolute increase in MSP over the previous year has been recommended for common & grade A Paddy (Rs. 117 per quintal) followed by moong (Rs. 124 per quintal) and bajra (Rs. 125 per quintal).
Paid Out Costs Included in MSP for Kharif Crops
These new MSP for Kharif Crops for KMS 2024-25 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.
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. In the recent years, Central govt. is 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.
