The Minimum Support Prices (MSP) for all mandated Kharif crops for Marketing Season 2023-24 have been approved by the Cabinet Committee on Economic Affairs (CCEA), which was chaired by the Hon’ble Prime Minister Shri Narendra Modi.
For Marketing Season 2023-24, the Government has raised the MSP of Kharif Crops, with the aim of guaranteeing profitable prices to farmers for their yield and promoting crop diversification. The corresponding values are listed in the table below.
Kharif Marketing Season (KMS) 2023-24’s Minimum Support Prices.
| Crops | MSP 2014-15 | MSP 2022-23 | MSP 2023-24 | Cost* KMS 2023-24 | Increase in MSP over 2022-23 | Margin over cost in per cent |
| Paddy -Common | 1360 | 2040 | 2183 | 1455 | 143 | 50 |
| Paddy-Grade A^ | 1400 | 2060 | 2203 | – | 143 | – |
| Jowar-Hybrid | 1530 | 2970 | 3180 | 2120 | 210 | 50 |
| Jowar- Maldandi^ | 1550 | 2990 | 3225 | – | 235 | – |
| Bajra | 1250 | 2350 | 2500 | 1371 | 150 | 82 |
| Ragi | 1550 | 3578 | 3846 | 2564 | 268 | 50 |
| Maize | 1310 | 1962 | 2090 | 1394 | 128 | 50 |
| Tur /Arhar | 4350 | 6600 | 7000 | 4444 | 400 | 58 |
| Moong | 4600 | 7755 | 8558 | 5705 | 803 | 50 |
| Urad | 4350 | 6600 | 6950 | 4592 | 350 | 51 |
| Groundnut | 4000 | 5850 | 6377 | 4251 | 527 | 50 |
| Sunflower Seed | 3750 | 6400 | 6760 | 4505 | 360 | 50 |
| Soybean (Yellow) | 2560 | 4300 | 4600 | 3029 | 300 | 52 |
| Sesamum | 4600 | 7830 | 8635 | 5755 | 805 | 50 |
| Nigerseed | 3600 | 7287 | 7734 | 5156 | 447 | 50 |
| Cotton (Medium Staple) | 3750 | 6080 | 6620 | 4411 | 540 | 50 |
| Cotton (Long Staple) ^ | 4050 | 6380 | 7020 | – | 640 | – |
