India: minimum support price by crop type 2023| Statista

In financial year 2023, the minimum support price of ragi in India was the highest, amounting to more than 3.5 thousand rupees per quintal, while barley had the lowest at 1.6 thousand rupees per quintal that year. MSP is the cost the government offers to safeguard famers to ensure minimum profit. The MSP is based on recommendations from an advisory board of the Ministry of Agriculture.

Minimum support price in India from financial year 2019 to 2023, by crop type (in Indian rupees per quintal)

Characteristic	Paddy- common	Paddy- grade 'A'	Jowar- hybrid	Jowar- maldandi	Bajra	Maize	Ragi	Wheat	Barley
-	-	-	-	-	-	-	-	-	-
-	-	-	-	-	-	-	-	-	-
-	-	-	-	-	-	-	-	-	-
-	-	-	-	-	-	-	-	-	-
-	-	-	-	-	-	-	-	-	-

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Release date

May 2023

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Region

India

Survey time period

FY 2019 to FY 2023

Supplementary notes

The source did not provide a release date. Thus, the date given here is the date of data access.
India's financial year begins in April and ends in March. For example, FY 2021 started in April 2020 and ended in March 2021.
One Indian rupee is equal to 0.012 U.S. dollars and 0.011 euros (as of May 2023).

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