Cabinet Approves Higher MSP for Rabi Crops 2026-27
In News
What Happened
Why It Matters
Background
History & Context
What Changed
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Wheat MSP: Increased by ₹160, moving from ₹2,425 per quintal in the previous season to ₹2,585 per quintal for the 2026-27 marketing season.
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Safflower MSP: Received the highest absolute hike among the crops, increasing by ₹600 per quintal to encourage oilseed cultivation and reduce import dependency.
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Margin of Profit: Ensured that the profit margin over the All-India weighted average cost of production (A2+FL) remains strictly at or above the mandated 50% for all six Rabi crops.
Prelims Angle
NCERT Connection
Practice Questions
Q1
Correct Statement(s)Which of the following statements is/are correct regarding the Minimum Support Price (MSP) framework in India? 1. The MSP is announced by the Cabinet Committee on Economic Affairs (CCEA) based on the recommendations of the Commission for Agricultural Costs and Prices (CACP). 2. The current policy mandates fixing the MSP at a minimum of 1.5 times the comprehensive 'C2' cost of production.