byHere is an article on crop MSP for 2023-24 with key highlights, including a graph, table, and explanatory descriptions aimed at students:
The Indian government recently announced minimum support prices (MSPs) for major crops for the 2023-24 crop year. The post analyzes the key highlights from the absolute and percentage MSP hikes across cereals like paddy and wheat, pulses such as moong and urad, oilseeds including groundnut and soybean, and cotton.
As seen in the table and graph, absolute MSP values as well as percentage hikes vis-a-vis last year have been raised across cereals, pulses, oilseeds including groundnuts and soybean, as well as cotton.
The MSP for common paddy has been raised by 7% to Rs. 2,183 per quintal, while the increase is 6.9% for grade A variety to Rs. 2,203 per quintal. This signals the government’s intent to incentivize rice production to ensure national food security.
Swipe ⇒
| SI. No. | Commodity | Variety | 2021-22 | 2022-23 | 2023-24 | Increase over 2022-23 |
|---|---|---|---|---|---|---|
| 1 | Paddy | Common | 1980 | 2040 | 2183 | 143 |
| 2 | Paddy | Grade A | 2000 | 2060 | 2203 | 143 |
| 3 | Jowar | Hybrid | 2970 | 3050 | 3180 | 130 |
| 4 | Jowar | Maldandi | 3020 | 3100 | 3225 | 125 |
| 5 | Bajra | — | 2350 | 2350 | 2500 | 150 |
| 6 | Ragi | — | 3578 | 3750 | 3846 | 96 |
| 7 | Maize | — | 1962 | 2000 | 2090 | 90 |
| 8 | Tur (Arhar) | — | 6600 | 6700 | 7000 | 300 |
| 9 | Moong | — | 7755 | 7455 | 8558 | 1103 |
| 10 | Urad | — | 6600 | 6600 | 6950 | 350 |
| 11 | Groundnut | — | 5850 | 5850 | 6377 | 527 |
| 12 | Sunflower Seed | — | 6400 | 6400 | 6760 | 360 |
| 13 | Soyabean (yellow) | — | 4300 | 4300 | 4600 | 300 |
| 14 | Sesame | — | 7830 | 7830 | 8635 | 805 |
| 15 | Nigerseed | — | 7287 | 7287 | 7734 | 447 |
| 16 | Cotton | Medium Staple | 6080 | 6080 | 6620 | 540 |
| 17 | Cotton | Long Staple | 6380 | 6380 | 7020 | 640 |
| 18 | Wheat | — | 2125 | 2125 | 2275 | 150 |
| 19 | Barley | — | 1735 | 1735 | 1850 | 115 |
| 20 | Gram | — | 5335 | 5335 | 5440 | 105 |
| 21 | Lentil (Masur) | — | 6000 | 6000 | 6425 | 425 |
| 22 | Rapeseed & Mustard | — | 5450 | 5450 | 5650 | 200 |
| 23 | Safflower | — | 5650 | 5650 | 5800 | 150 |
| 24 | Toria | — | 5450 | 5450 | 5450 | 0 |
