In a pre-Diwali boost to farmers, the central government on Wednesday (October 16) announced an increase in minimum support price (MSP) for major rabi crops for the 2025-26 marketing season. The new MSP rates aim to ensure farmers get fair value for their crops.

In the meeting of the Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi, the MSP for wheat was increased by Rs 150 per quintal from Rs 2,275 to Rs 2,425. Mustard saw an increase by Rs 300 per quintal, taking its MSP to Rs 5,950, while the MSP for gram increased by Rs 210 to Rs 5,650 per quintal.

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For grams, wheat, safflower and barley, MSPs increased by Rs 210 per quintal (from Rs 5,440 to Rs 5,650), Rs 150 per quintal, Rs 140 per quintal and Rs 130 per quintal, respectively .

“The most important factor is that the price is at least 50% higher than the cost, based on this, the cost of six Rabi crops has been decided based on the projections of the CACP (Commission for Agricultural Costs and Prices)” , said the Minister of Railways. Ashwini Vaishnaw said.

The MSP acts as a safety net for farmers, ensuring that they are protected from sharp falls in prices. It plays a crucial role in maintaining food security and serves as a benchmark for determining market prices. By ensuring financial stability, the system encourages better agricultural production.

The government has increased the MSP for rabi crops for the marketing season 2025-26 to ensure that farmers receive adequate income for their produce.

Here is an overview of the revised Crop MSP: