Cabinet Raises MSP for All Six Rabi Crops of 2027-28; Safflower Gets the Steepest Hike
The Cabinet Committee on Economic Affairs approved higher minimum support prices for all six mandated Rabi crops of marketing season 2027-28, with returns over the cost of production ranging from 50% to 106%. Safflower got the steepest rise — up Rs 675 to Rs 7,215 a quintal — followed by rapeseed and mustard (up Rs 413 to Rs 6,613) and lentil or masur (up Rs 390 to Rs 7,390). Wheat, the largest Rabi crop, rose only Rs 25 to Rs 2,610 while barley gained Rs 136 to Rs 2,286. MSP is fixed on the recommendations of the Commission for Agricultural Costs and Prices.
MSP is recommended by the Commission for Agricultural Costs and Prices (CACP), set up in 1965 and attached to the Ministry of Agriculture | The 1.5-times-cost (A2+FL) MSP formula was announced in the Union Budget 2018-19 | The six mandated Rabi crops are wheat, barley, gram, lentil, rapeseed-mustard and safflower