GENERAL30 Sept 2026
Cabinet approves hike in Rabi minimum support prices for 2027-28 season
The Cabinet approved higher minimum support prices for Rabi crops for the 2027-28 marketing season. Safflower saw the biggest rise, up 10.3% to ₹7,215 per quintal. Rapeseed, mustard, barley, masur dal, gram and wheat also went up. If you farm these crops, the government says this aims to give you better prices. Check official procurement details before you sell.
Key Statutory Highlights
- Safflower's MSP rose by ₹675 per quintal to ₹7,215 per quintal, a 10.3% increase over last year and the biggest jump among the Rabi crops.
- Rapeseed and mustard MSP went up 6.7% to ₹6,613 per quintal, barley 6.3% to ₹2,286 per quintal, masur dal 5.6% to ₹7,390 per quintal, gram 1.4% to ₹5,958 per quintal, and wheat 1% to ₹2,610 per quintal.
- The government said the increase follows the Union Budget 2018-19 announcement of fixing MSP at least 1.5 times the all-India weighted average cost of production.
Actionable Advice for Taxpayers / Founders:If you grow any of these Rabi crops, note the new MSP for your crop and confirm procurement arrangements with your local agriculture office before you plan your sale. Treat the MSP as the announced support price, not a guarantee of what you will finally receive.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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