Union Minister Piyush Goyal said the hike in the minimum support price of kharif crops for FY24 is the highest-ever increase announced by the government
For most crops, the margin to farmers is likely to be at least 50 percent. Image: T. Narayan/Bloomberg via Getty Image
Products | FY23 | FY24 | Increase % |
---|---|---|---|
Paddy-Grade A^ | 2,060 | 2,203 | 6.9 |
Jowar-Hybrid | 2,970 | 3,180 | 7.1 |
Jowar-Maldandi^ | 2,990 | 3,225 | 7.9 |
Bajra | 2,350 | 2,500 | 6.4 |
Ragi | 3,578 | 3,846 | 7.5 |
Maize | 1,962 | 2,090 | 6.5 |
Tur/Arhar | 6,600 | 7,000 | 6.1 |
Moong | 7,755 | 8,558 | 10.4 |
Urad | 6,600 | 6,950 | 5.3 |
Groundnut | 5,850 | 6,377 | 9.0 |
Sunflower Seed | 6,400 | 6,760 | 5.6 |
Soybean (Yellow) | 4,300 | 4,600 | 7.0 |
Sesamum | 7,830 | 8,635 | 10.3 |
Nigerseed | 7,287 | 7,734 | 6.1 |
Cotton (Medium Staple) | 6,080 | 6,620 | 8.9 |
Cotton (Long Staple) ^ | 6,380 | 7,020 | 10.0 |