Wheat MSP has been increased by ₹25 per quintal for the 2027-28 Rabi marketing season, taking the minimum support price from ₹2,585 to ₹2,610 per quintal.
The Cabinet Committee on Economic Affairs approved the revised MSP for all mandated Rabi crops.
The government said the revised MSPs are aimed at providing remunerative prices to farmers and encouraging crop diversification.
For wheat, the government has listed the production cost at ₹1,264 per quintal and the expected margin over the all-India weighted average cost of production at 106%.
Wheat MSP Increased for 2027-28
The new wheat MSP of ₹2,610 per quintal will apply to the 2027-28 Rabi marketing season. The previous MSP for wheat was ₹2,585 per quintal, making the increase ₹25 per quintal.
Wheat is among the six mandated Rabi crops for which the government has announced revised MSPs. The other crops are barley, gram, lentil, rapeseed and mustard, and safflower.
MSP of Other Rabi Crops Also Increased
The MSP for barley has been increased from ₹2,150 to ₹2,286 per quintal. Gram MSP has gone up from ₹5,875 to ₹5,958 per quintal, while lentil MSP has increased from ₹7,000 to ₹7,390 per quintal.
For rapeseed and mustard, the MSP has been raised from ₹6,200 to ₹6,613 per quintal. Safflower has received an increase from ₹6,540 to ₹7,215 per quintal.
The increase is highest for safflower at ₹675 per quintal, followed by rapeseed and mustard at ₹413 and lentil at ₹390 per quintal. Wheat has received an increase of ₹25 per quintal.
How MSP Is Linked to Production Cost
According to the government, the MSP calculation takes into account the all-India weighted average cost of production. For wheat, the listed production cost for the 2027-28 season is ₹1,264 per quintal, while the MSP is ₹2,610 per quintal.
The government said the revised MSPs follow the Union Budget 2018-19 approach of fixing MSP at a level of at least 1.5 times the all-India weighted average cost of production.
Government Data on Wheat Procurement
Government data shows that wheat procurement during 2014-15 to 2025-26 reached 3,715 lakh tonnes, compared with 2,254 lakh tonnes during 2004-05 to 2013-14. The government also reported that MSP payments to wheat-growing farmers during 2014-15 to 2025-26 reached ₹7.31 lakh crore.
The revised MSPs will apply to the Rabi marketing season 2027-28. Farmers and other stakeholders can refer to the applicable government procurement rules and MSP arrangements for further details.
