BusinessCabinet Approves MSP Hike for Rabi Crops in 2027-28 Season
The Cabinet Committee on Economic Affairs approved an increase in Minimum Support Prices (MSP) for all mandated Rabi crops for the 2027-28 marketing season. Safflower saw the highest rise of ₹675 per quintal (10.3%) to ₹7,215. Rapeseed and mustard MSP increased by 6.7% to ₹6,613, barley by 6.3% to ₹2,286, masur dal by 5.6% to ₹7,390, gram by 1.4% to ₹5,958, and wheat by 1% to ₹2,610 per quintal. The hike aligns with the Union Budget 2018-19 policy to set MSP at least 1.5 times the weighted average cost of production.
Hindu Business·1h ago



