Monitor this situation.
Unsubscribe anytime.
[SITUATION] · [ACTIVE] · [BUSINESS]
2 clusters · 2 sources · 29 days · First seen · Last updated
India Rabi crop MSP and procurement trends
Overview
The Indian government has implemented policy changes to support Rabi crops, including a Cabinet decision to increase Minimum Support Prices (MSP) for the 2027-28 marketing season. These hikes, aimed at encouraging diversification into pulses and oilseeds, saw safflower receive the largest increase of Rs 675 per quintal, while wheat received the smallest increase of Rs 25 per quintal.
Long-term data shows a significant rise in procurement volumes and MSP payments over recent decades. For the 2027-28 season, the government expects to pay approximately Rs 90,962 crore for 324 lakh metric tonnes of produce. In preparation for the 2026-27 season, regional initiatives such as those by the Maharashtra State Seeds Corporation Limited have focused on seed availability to mitigate potential moisture stress caused by El Niño.
Entities
India · Cabinet Committee on Economic Affairs · Deelip Swami · Narendra Modi · Ashwini Vaishnaw
Timeline
-
[BUSINESS] 2 sourcesIndia Rabi crop procurement and seed planning increase
India reports a surge in Rabi crop procurement and MSP payments, while Mahabeej plans nearly 4 lakh quintals of seeds for the 2026-27 season to mitigate climate risks.
-
[BUSINESS] 10 sourcesIndia Cabinet approves MSP hikes for six Rabi crops
India's Cabinet has approved MSP hikes for six Rabi crops for the 2027-28 season, with the largest increase for safflower to encourage diversification into oilseeds and pulses.
Sources
bhaskarlive.in · news18.com