The government on Wednesday raised the minimum support price (MSP) for paddy by ₹72 to ₹2,441 per quintal for the 2026-27 kharif marketing season.
A decision in this regard was taken in the meeting of the Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi.
The support price for common and A-grade varieties has been increased by ₹72 per quintal to ₹2,441 and ₹2,461 per quintal, respectively, for the 2026-27 kharif marketing season (September-October).
Information and Broadcasting Minister Ashwini Vaishnaw said the MSP is 50 per cent more than the cost of production.
"Estimated payout to farmers would be ₹2.60 lakh crore and annual procurement estimated at 824.41 lakh tonne," he added.
Published on May 13, 2026