♦ The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, on 13 May 2026 approved an increase in the Minimum Support Prices (MSP) for 14 Kharif crops for the 2026-27 marketing season, aiming to ensure remunerative returns to farmers. The highest absolute increase in MSP has been announced for sunflower seed, which saw a hike of Rs.622 per quintal, followed by cotton at Rs.557 per quintal, nigerseed at Rs.515 per quintal, and sesamum at Rs.500 per quintal.

♦ Among major food grains, the MSP for common paddy has been increased to Rs.2,441 per quintal for the 2026-27 season, up by Rs.72 from the previous year’s MSP of Rs.2,369 per quintal. Grade A paddy has been fixed at Rs.2,461 per quintal.

♦ The MSP for maize has been raised to Rs.2,410 per quintal, while bajra will now fetch Rs.2,900 per quintal and ragi Rs.5,205 per quintal.

♦ For pulses, the MSP of tur/arhar has been increased to Rs.8,450 per quintal, moong to Rs.8,780 per quintal, and urad to Rs.8,200 per quintal.

♦ In the oilseeds category, sunflower seed MSP has been fixed at Rs.8,343 per quintal, soybean at Rs.5,708, sesamum at Rs.10,346, groundnut at Rs.7,517, and nigerseed at Rs.10,052 per quintal.

♦ Cotton prices have also witnessed a significant increase, with medium staple cotton MSP fixed at Rs.8,267 per quintal and long staple cotton at Rs.8,667 per quintal.

♦ The Ministry of Agriculture & Farmers Welfare said the revised MSPs are in line with the Union Budget 2018-19 commitment of fixing MSPs at least 1.5 times the all-India weighted average cost of production.