Centre announces MSP hike for 14 Kharif crops; highest for ragi, 3% increase for paddy
The Centre Wednesday announced minimum support prices (MSP) for 14 crops for the 2025-26 Kharif Marketing Season (KMS), with moong seeing the lowest and ragi the highest increase. A decision to this effect was taken by the Cabinet Committee of Economic Affairs, which met under the chairmanship of Prime Minister Narendra Modi.
In percentage terms, ragi recorded a maximum hike of 13.89 per cent to Rs 4,886 per quintal in KMS 2025-26 as against Rs 4,290 per quintal in the last season. Like ragi, another millet crop, jowar also saw almost a double-digit hike in percentage terms in its MSP. The MSP of jowar (hybrid) and jowar (Maldandi) has been fixed at Rs 3,699 and Rs 3,749 per quintal, respectively, which is almost 10 per cent higher as compared to the last Kharif season. The MSP of bajra has been fixed at Rs 2,775 per quintal, which is 5.71 per cent higher compared to the last season's Rs 2,625 per quintal.
In recent years, the government has been promoting millet crops, including ragi and jowar, and has declared them as Shree Anna. Ragi accounts for just 0.51 per cent of the gross cropped area of the country and is mainly grown in Karnataka, Tamil Nadu and Maharashtra. Major jowar producing states are Maharashtra, Karnataka, Rajasthan, Tamil Nadu and Uttar Pradesh.
VIDEO | Delhi: Here's what Union Minister Ashwini Vaishnaw (@AshwiniVaishnaw) said during Cabinet Briefing:
'Today, we will discuss the five most important decisions taken by Union Cabinet. Two big decisions are taken for Farmers' welfare. These are MSP for Kharif crops and… pic.twitter.com/lTs5QDWzDn
— Press Trust of India (@PTI_News) May 28, 2025
Moong, a pulse crop, saw the lowest hike of just 0.99 per cent—to Rs 8,768 per quintal in KMS 2025-26 from Rs 8,682 per quintal during the last season. Moong is grown in Rajasthan, Maharashtra, Madhya Pradesh and Karnataka.
Like moong, paddy has also seen a low hike in MSP. The MSP for paddy (common) and paddy (Grade A) has been fixed at Rs 2,369 and 2,389 per quintal, respectively, which is just 3 per cent higher compared to the last season. The reason for the low hike in MSP for paddy is that the government has record stock of rice in the Central Pool. As per the Food Corporation of India (FCI), 381.47 lakh metric tonnes (LMT) of rice and 318.73 LMT of unmilled paddy were available in the Central Pool as on May 1, 2025. Taken together (rice and unmilled paddy), the total rice stock would be 595 LMT.
Among oilseeds, the MSP of niger seed has been fixed at Rs 9,537 per quintal— 9.41 per cent higher than the last season; and soyabean (yellow) at Rs 5,328 per quintal— 8.91 per cent higher compared to the last season. The MSP of groundnut and sunflower seed has been increased by 7 per cent and 6 per cent, respectively.
The MSP of cotton (medium staple) and cotton (long staple) has been increased by 8.27 per cent and 7.83 per cent, respectively.
In absolute terms, the highest increase in MSP over the previous year has been for niger seed (Rs 820 per quintal) followed by ragi (Rs 596 per quintal), cotton (Rs 589 per quintal) and sesamum (Rs 579 per quintal).
Last year, the MSP for these 14 Kharif crops was hiked in the range of 1.4-11.54 per cent.
In a separate decision, the Union Cabinet chaired by PM Modi approved the continuation of the Interest Subvention (IS) component under the Modified Interest Subvention Scheme (MISS) for the financial year 2025-26, and approved the required fund arrangements. Under MISS, short-term credit is provided to farmers at an 'affordable interest rate' through the Kisan Credit Card (KCC). 'No changes have been proposed in the structure or other components of the scheme,' said an official statement.
Harikishan Sharma, Senior Assistant Editor at The Indian Express' National Bureau, specializes in reporting on governance, policy, and data. He covers the Prime Minister's Office and pivotal central ministries, such as the Ministry of Agriculture & Farmers' Welfare, Ministry of Cooperation, Ministry of Consumer Affairs, Food and Public Distribution, Ministry of Rural Development, and Ministry of Jal Shakti. His work primarily revolves around reporting and policy analysis. In addition to this, he authors a weekly column titled "STATE-ISTICALLY SPEAKING," which is prominently featured on The Indian Express website. In this column, he immerses readers in narratives deeply rooted in socio-economic, political, and electoral data, providing insightful perspectives on these critical aspects of governance and society. ... Read More
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
News18
37 minutes ago
- News18
Stocks To Watch: HDFC Bank, Suzlon Energy, Tata Steel, BEL, Ambuja, And Others
Last Updated: Stocks to watch: Shares of firms like HDFC Bank, Suzlon Energy, Tata Steel, BEL, Ambuja, and others will be in focus on Monday's trade Stocks to Watch on June 9, 2025: Markets wrapped up the week on a positive note, gaining nearly a percent, supported by favorable domestic cues. In today's trade, shares of HDFC Bank, Suzlon Energy, Tata Steel, BEL, and MCX, among others, will be in focus due to various news developments. The capital markets regulator, SEBI, issued a corrigendum to its interim order in the insider trading case involving IndusInd Bank. Ambuja Cements In its latest annual report, Adani Group's Ambuja Cements highlighted that it contributes nearly 30% of the cement used for India's homes and infrastructure, making it the country's second-largest cement producer. Airtel Telecom operator Airtel has approached over 40 banks, as well as the RBI and NPCI, proposing a collaborative effort to curb digital frauds. The company aims to establish a unified front for sharing intelligence on known fraudulent financial domains. Reliance Infrastructure plans to 'turbocharge' its defense vertical in the coming years, focusing on aircraft upgrade programs. The company recently became the first private sector firm to independently execute a comprehensive aircraft upgrade program, traditionally dominated by public sector units and OEMs. It's targeting opportunities worth Rs 5,000 crore over the next seven to ten years. HDFC Bank's MD and CEO, Sashidhar Jagdishan, has been named in a complaint filed by the Mehta Family through Lilavati Kirtilal Medical Trust. The complaint alleges he received Rs 2.05 crore to harass a current trustee's father. HDFC Bank has dismissed the allegations as baseless and part of an attempt to derail loan recovery efforts. The Government has appointed Sat Pal Bhanoo as the CEO and MD of LIC for a three-month term starting Sunday. This comes after Siddhartha Mohanty completed his tenure, with the Ministry of Finance conveying the instructions on Saturday. Infosys Infosys announced that the Director General of GST Intelligence (DGGI) has closed pre-show cause notice proceedings against the company for FY 2018-19 to FY 2021-22, involving Rs 32,403 crore in GST claims. Tata Steel Tata Steel UK's annual £150 million export to the US faces a potential setback due to compliance issues in the UK-US steel trade agreement. The company has temporarily halted melting and pouring steel in the UK as it transitions Port Talbot from blast furnaces to an electric arc furnace, a requirement for tariff-free trade under current rules. Aditya Birla Group Aditya Birla Group's Indian paints venture has filed an antitrust complaint against Asian Paints for allegedly abusing its market dominance, according to Reuters. The complaint could trigger a legal clash between the two sector rivals. Suzlon Energy Promoters of Suzlon Energy may sell about 20 crore shares in a potential Rs 1,300 crore block deal next week, likely at a 2% discount to the current market price. This update comes after Suzlon reported a nearly five-fold jump in net profit in Q4FY25. Lupin Lupin has received tentative approval from the US FDA for its generic version of Oxcarbazepine Extended-Release (ER) Tablets in 150 mg, 300 mg, and 600 mg strengths. The drug, equivalent to Supernus Pharmaceuticals' Oxtellar XR, will be manufactured at Lupin's Nagpur facility in India. Nazara Technologies Nazara Technologies has completed the acquisition of gaming and entertainment company Smaaash Entertainment Pvt. Ltd. for Rs 126 crore, turning it into a wholly owned subsidiary, the company announced on June 6. Location : New Delhi, India, India First Published: June 09, 2025, 07:40 IST News business » markets Stocks To Watch: HDFC Bank, Suzlon Energy, Tata Steel, BEL, Ambuja, And Others
Hindustan Times
43 minutes ago
- Hindustan Times
NIA to probe ex-Bajrang Dal leader's murder in Karnataka
The Centre has handed over the probe into the murder of former Bajrang Dal member Suhas Shetty in Karnataka last month to the National Investigation Agency (NIA), officials aware of the matter said on Sunday. The ministry of home affairs (MHA), in its notification dated June 7, ordered the central agency to investigate the case, citing implications on national security and the need to uncover a larger conspiracy. 'The Central Government is of the opinion that a Scheduled Offence under the National Investigation Agency Act, 2008, has been committed... and it is required to be investigated by the National Investigation Agency in accordance with the National Investigation Agency Act, 2008,' the notification said. According to police, Suhas was travelling with five of his associates near Kinnikambla in Bajpe area of Mangaluru on the night of May 1 when their vehicle was intercepted by five-six assailants, who then dragged the 30-year-old out of the vehicle and hacked him to death. The incident triggered communal tensions in the region, prompting authorities to impose prohibitory orders under section 163 of the Bharatiya Nagarik Suraksha Sanhita (BNSS). So far, twelve people have been arrested in connection with Shetty's murder. The Centre's decision comes a month after the opposition Bharatiya Janata Party (BJP) in Karnataka demanded an NIA inquiry into the incident, with the party accusing the Congress-led state government of 'going soft' on the issue. 'Why is the Congress government unwilling to hand over the case to the NIA? What are they afraid of?' BJP lawmaker Captain Brijesh Chowta said on May 5, after the Congress dismissed the murder as a case of personal rivalry. When asked about NIA taking over the probe, chief minister Siddaramaiah, on Sunday, said, 'I have asked DG and IGP MA Saleem to seek legal advice from the advocate general.' In its notification, the MHA said that the murder appeared to be a targeted killing carried out in public to create fear, allegedly by members of the now-banned Popular Front of India (PFI). 'In this case, sections 10 r/w 41, 13, 15, 17, 18 & 20 of UA(P) Act, 1967 are attracted, as it is related to targeted killing of an individual in public view with the intention to create terror in the minds of people and the accused persons involved in the case are allegedly members of Popular Front of India (PFI), an unlawful association,' the order read.
Deccan Herald
an hour ago
- Deccan Herald
June 9, 2025: Best photos from around the world
Visitors look at a sand sculpture created by sand artist Sudarsan Pattnaik celebrating Prime Minister Narendra Modi's 11 years in office, at Puri beach, in Odisha, Sunday, June 8, 2025. Credit: PTI Photo A man waves a Mexican flag as smoke and flames rise from a burning vehicle during a protest against federal immigration sweeps, near Los Angeles City Hall, in downtown Los Angeles, California, U.S. June 8, 2025. Portugal's Cristiano Ronaldo lifts the trophy as he celebrates with teammates after winning the Nations League. Credit: Reuters Photo Spain's Carlos Alcaraz poses with the trophy as he points to the clock after playing the longest ever men's singles final at Roland Garros in history. Credit: Reuters Photo
