Government Increases Paddy Minimum Support Price for 2026-27 Season
Govt raises paddy MSP by ₹72 to ₹2,441/quintal for 2026-27 Kharif season
Business Standard
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The Indian government has raised the minimum support price (MSP) for paddy by ₹72 to ₹2,441 per quintal for the 2026-27 kharif marketing season. This increase, confirmed by the Cabinet Committee on Economic Affairs, aims to provide farmers with a price that is 50% above production costs.
- 01MSP for common paddy increased to ₹2,441 per quintal.
- 02A-grade paddy MSP raised to ₹2,461 per quintal.
- 03Total estimated payout to farmers is ₹2.60 lakh crore.
- 04Annual procurement expected to reach 824.41 lakh tonnes.
- 05Increase aims to support farmers amidst rising production costs.
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On Wednesday, the Indian government announced an increase in the minimum support price (MSP) for paddy by ₹72, setting it at ₹2,441 per quintal for the 2026-27 kharif marketing season. The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, made this decision to ensure that farmers receive a price that is 50% above their production costs. The MSP for A-grade varieties has also been raised to ₹2,461 per quintal. Information and Broadcasting Minister Ashwini Vaishnaw stated that the estimated payout to farmers will amount to ₹2.60 lakh crore (approximately $31.2 billion USD), with annual procurement projected at 824.41 lakh tonnes. This increase is expected to provide significant financial support to farmers during the kharif season, which runs from September to October.
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The increase in MSP will provide farmers with better financial security, potentially leading to improved living standards and agricultural investment.
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