Indian government raises minimum purchase price of rapeseed

Published 2024년 10월 23일

Tridge summary

India's Ministry of Agriculture has announced an increase in the minimum supported price (MSP) for rapeseed and mustard for the 2025/2026 season. The new MSP will be Rs. 5,990 or Rs. 6,882 per 100 kilograms, an increase of Rs. 300 from the current Rs. 5,650. The MSP for safflower has also been increased by Rs140 to Rs5,940. Union Agriculture Minister Shivraj Singh Chouhan stated that the government's priority is to provide fair prices to farmers.

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Original content

Last Wednesday, India’s Ministry of Agriculture announced that the minimum supported price (MSP) for rapeseed and mustard for 2025/2026 will be Rs. 5,990 ($71.24) or Rs. 6,882 per 100 kilograms, up Rs. 300 (Rs. 344) from Rs. 5,650 this year. For safflower, the increase was Rs140 to Rs5,940 (Rmb6,824). Rapeseed is the second largest oilseed crop in India after soybean. Rajasthan, Madhya Pradesh, Haryana, Uttar Pradesh, West Bengal, Gujarat, Jharkhand and Assam are the major rapeseed producing regions. Announcing the new minimum support prices for farmers, ...

Source: UkrAgroConsult