In financial year 2024, the minimum support price of sesame was the highest among Kharif crops at over 8.6 thousand Indian rupees in India. Moong and Nigerseed ranked second and third that year respectively.
Karif or monsoon crops are cultivated in the south Asian subcontinent from June to November. MSP, on the other hand, is a market intervention and farmer income scheme by the Indian government. The effectiveness of MSP, however, varies depending on the region largely due to the lack of farmer awareness.
Minimum support price for kharif crops in India in financial year 2024, by type
(in Indian rupees per quintal)
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 November 2023).
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DES (India) (farmer.gov.in). (December 19, 2023). Minimum support price for kharif crops in India in financial year 2024, by type (in Indian rupees per quintal) [Graph]. In Statista. Retrieved December 26, 2024, from https://www.statista.com/statistics/1430211/india-kharif-crops-minimum-support-price-by-type/
DES (India) (farmer.gov.in). "Minimum support price for kharif crops in India in financial year 2024, by type (in Indian rupees per quintal)." Chart. December 19, 2023. Statista. Accessed December 26, 2024. https://www.statista.com/statistics/1430211/india-kharif-crops-minimum-support-price-by-type/
DES (India) (farmer.gov.in). (2023). Minimum support price for kharif crops in India in financial year 2024, by type (in Indian rupees per quintal). Statista. Statista Inc.. Accessed: December 26, 2024. https://www.statista.com/statistics/1430211/india-kharif-crops-minimum-support-price-by-type/
DES (India) (farmer.gov.in). "Minimum Support Price for Kharif Crops in India in Financial Year 2024, by Type (in Indian Rupees per Quintal)." Statista, Statista Inc., 19 Dec 2023, https://www.statista.com/statistics/1430211/india-kharif-crops-minimum-support-price-by-type/
DES (India) (farmer.gov.in), Minimum support price for kharif crops in India in financial year 2024, by type (in Indian rupees per quintal) Statista, https://www.statista.com/statistics/1430211/india-kharif-crops-minimum-support-price-by-type/ (last visited December 26, 2024)
Minimum support price for kharif crops in India in financial year 2024, by type (in Indian rupees per quintal) [Graph], DES (India) (farmer.gov.in), December 19, 2023. [Online]. Available: https://www.statista.com/statistics/1430211/india-kharif-crops-minimum-support-price-by-type/
