Cabinet hikes MSP of Kharif crops for 2025-26
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The Prime Minister Narendra Modi-led Cabinet on Wednesday announced Minimum Selling Price for kharif crops for the 2025-26 marketing season, amid worries of above normal monsoon impacting the sowing season.The Cabinet approved hike in paddy MSP by Rs 69 per quintal to Rs 2,369 for 2025-26 Kharif season, said Union Minister Ashwini Vaishnaw.The increase in MSP for Kharif Crops for Marketing Season 2025-26 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 (63%) followed by maize (59%), tur (59%) and urad (53%). For rest of the crops, margin to farmers over their cost of production is estimated to be at 50%.During the period 2014-15 to 2024-25, the MSP amount paid to 14 Kharif crops growing famers was Rs. 16.35 Lakh Crores while during the period 2004-05 to 2013-14, MSP amount paid to farmers was Rs. 4.75 Lakh Crore.Farmers typically need a dry window of 15–20 days to prepare land for planting. This ye ar, pre-monsoon showers began in early May and haven't let up, leaving the soil too wet for tractor operations.The weather experts earlier cautioned that while the early onset is encouraging, the real impact will depend on how steadily and uniformly the monsoon progresses across the country in the coming weeks. A consistent spread and distribution of rainfall are essential to ensure a successful kharif season.Uneven rainfall or prolonged dry spells can offset the benefits of an early start. If the monsoon maintains its pace and spreads evenly to central and northern India by mid-July — its usual schedule — the country could be on track for a strong agricultural output, which would also help keep food inflation in check and boost overall economic growth.
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