Bhubaneswar: Odisha Chief Minister Mohan Charan Majhi has extended his sincere thanks to Prime Minister Narendra Modi and the Cabinet Committee on Economic Affairs for approving a hike in the Minimum Support Price (MSP) for 14 Kharif crops for the 2025-26 marketing season.
Majhi stated that the move will greatly benefit the farmers and strengthen agricultural growth across the nation.
The Cabinet Committee on Economic Affairs on Wednesday approved an increase in the Minimum Support Prices (MSP) for 14 Kharif crops for the 2025–26 marketing season.
Among the crops that saw the highest MSP hike, nigerseed received the biggest absolute increase of Rs 820 per quintal, followed by ragi at Rs 596 per quintal, cotton at Rs 589 per quintal, and sesamum at Rs 579 per quintal. For paddy, the staple crop, the MSP has been raised by Rs 69 per quintal.
In the pulses category, the MSP of tur (arhar) has been raised by Rs 450, moong by Rs 86, and urad by Rs 400 per quintal. Among oilseeds, the support prices for groundnut, sunflower seed, and soybean have been increased by Rs 480, Rs 441, and Rs 436 respectively. The move is expected to support better price realization for farmers and reduce dependence on imports.
The MSP payout to paddy farmers surged to Rs 14.16 lakh crore in the last decade, as compared to Rs 4.44 lakh crore during 2004-05 to 2013-14. Similarly, the total MSP amount paid for all 14 Kharif crops was Rs 16.35 lakh crore, a sharp rise from Rs 4.75 lakh crore during the earlier period.
