The Government announced on 29 October 2026 that it had approved increased Minimum Support Prices (MSPs) for all mandated Rabi crops for the 2027-28 marketing season. This measure provides price assurance to farmers, with an estimated ₹90,962 crore to be paid for 324 lakh metric tonnes of produce. The MSPs are designed to ensure a minimum margin of 50 percent over the cost of production to encourage crop diversification and income stability. The release does not say when these prices take effect, but they apply to the 2027-28 marketing season.
Key points
- Estimated ₹90,962 crore to be paid to farmers for 324 lakh metric tonnes of produce
- Highest absolute MSP increase: Safflower at ₹675 per quintal
- Highest estimated margin over cost of production: Wheat at 106%
- Procurement for pulses, oilseeds, and copra managed via PM-AASHA's Price Support Scheme
- Biometric authentication via Aadhaar is mandatory for PSS procurement since 2025-26
When it applies
- Government approval of increased MSPs for Rabi crops
- Rabi Marketing Season
Who it affects
- farmers