New MSP Price List 2023 – The Central Government has approved the increase in MSP (Minimum Support Prices) for the marketing season 2023-24 of Rabi crops. Farmers were talking to the government for a long time to increase the MSP of crops, which was accepted by the central government this year. Now farmers will be able to get a good price for their crop, so that their economic condition can improve.
The MSP is approved by the state and central government according to which the government agencies procure the crops from the farmers. No one can buy crops below the fixed price.
Minimum Support Price (MSP)
| Price | Minimum Support Price (MSP) |
| Crops | Kharif crops |
| Under | Central Government of India |
| Official Portal | farmers.gov.in |
| Check online | MSP for Kharif Crops |
New MSP Price List
This year the Government of India has increased the MSP for all Rabi crops for RMS, so that the farmers can get the right price for their crop. To ensure remunerative price to the growers for their produce and farmers to get the right price for their crop. With this new MSP policy, the farmer will get minimum 50% profit as margin.
The Government of India has always been making many efforts for the farmers so that they can get maximum benefit. Along with this, many farmer organizations were also demanding MSP. Therefore, the central government has increased the Minimum Support Price, due to which the farmers are likely to get about 50% return.
MSPs List for Rabi Crops 2023-24
Check out the complete list of New MSP Price List, issued by the Government of India.
| Crop | MSP for RMS 2023-24 (Rs. / quintal) | MSP for RMS 2023-24 (Rs. / quintal) | Cost of production 2023-24 (Rs. / quintal) | Absolute Increase in MSP | Return over cost (%) |
|---|---|---|---|---|---|
| Wheat | 1975 | 2015 | 1008 | 40 | 100 |
| Barley | 1600 | 1635 | 1019 | 35 | 60 |
| Gram | 5100 | 5230 | 3004 | 130 | 74 |
| Masur (Lentil) | 5100 | 5500 | 3079 | 400 | 79 |
| Rapeseed & Mustard | 4650 | 5050 | 2523 | 400 | 100 |
| Safflower | 5327 | 5441 | 3627 | 114 | 50 |
For More details visit Farmers Portal https://farmer.gov.in/mspstatements.aspx
For your information, let us tell you that the central government has increased the MSP of coarse cereals like jowar by Rs 118 to Rs 2738 per quintal, which was Rs 2,620 last year. Similarly, MSP of bajra has been increased from Rs 2,150 to Rs 2,250 per quintal from last year. Along with this, the MSP of groundnut has been increased by Rs.275 to Rs.5,550 a quintal. Similarly, sunflower seed has been increased by Rs.130 to Rs.6,015 a quintal.
FAQ – New MSP Price List
MSP is also called Minimum Support Price. Under which the farmers have to be provided the right price for the crop.
Full form of MSP is Minimum Support Price.
In today’s article, we have shared with you the New MSP Price List issued by the Central Government. Which farmers can see on our site. This will greatly benefit the farmers and will help in deigning their income. Hope this post was helpful for you. If you have any question related to this, then definitely tell by commenting. We will try to answer your questions.
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