The Cabinet Committee on Economic Affairs (CCEA) chaired by the Prime Minister Shri Narendra Modi, has approved the increase in the Minimum Support Prices (MSP) for all mandated Rabi Crops for Marketing Season 2026-27.

Government has increased the MSP of Rabi Crops for Marketing Season 2026-27, to ensure remunerative prices to the growers for their produce. The absolute highest increase in MSP has been announced for Safflower at Rs.600 per quintal followed by Lentil (Masur) at Rs.300 per quintal. For Rapeseed & Mustard, gram, barley, and wheat, there is an increase of Rs.250 per quintal, Rs.225 per quintal, Rs.170 per quintal and Rs.160 per quintal respectively.

Minimum Support Prices for all Rabi crops for Marketing Season 2026-27.

(Rs.per quintal)

Crops

MSP RMS 2026-27

Cost*of Production RMS

2026-27

Margin over cost

(in percent)

MSP RMS 2025-26

Increase in MSP

(Absolute)

Wheat

2585

1239

109

2425

160

Barley

2150

1361

58

1980

170

Gram

5875

3699

59

5650

225

Lentil (Masur)

7000

3705

89

6700

300

Rapeseed & Mustard

6200

3210

93

5950

250

Safflower

6540

4360

50

5940

600

 

*Refers to cost which includes all paid out costs such as those incurred on account of hired human labour, bullock labour/machine labour, rent paid for leased in land, expenses incurred on use of material inputs like seeds, fertilizers, manures, irrigation charges, depreciation on implements and farm buildings, interest on working capital, diesel/electricity for operation of pump sets etc., miscellaneous expenses and imputed value of family labour.

The increase in MSP for mandated Rabi Crops for Marketing Season 2026-27 is in line with the Union Budget 2018-19 announcement of fixing the MSP at a level of at least 1.5 times of the All-India weighted average Cost of Production. The expected margin over All-India weighted average cost of production is 109 percent for wheat, followed by 93 percent for rapeseed & mustard; 89 per cent for lentil; 59 per cent for gram; 58 percent for barley; and 50 percent for safflower. This increased MSP of rabi crops will ensure remunerative prices to the farmers and incentivise crop diversification.

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PM Modi interacts with Energy Sector CEOs
January 28, 2026
CEOs express strong confidence in India’s growth trajectory
CEOs express keen interest in expanding their business presence in India
PM says India will play decisive role in the global energy demand-supply balance
PM highlights investment potential of around USD 100 billion in exploration and production, citing investor-friendly policy reforms introduced by the government
PM calls for innovation, collaboration, and deeper partnerships, across the entire energy value chain

Prime Minister Shri Narendra Modi interacted with CEOs of the global energy sector as part of the ongoing India Energy Week (IEW) 2026, at his residence at Lok Kalyan Marg earlier today.

During the interaction, the CEOs expressed strong confidence in India’s growth trajectory. They conveyed their keen interest in expanding and deepening their business presence in India, citing policy stability, reform momentum, and long-term demand visibility.

Welcoming the CEOs, Prime Minister said that these roundtables have emerged as a key platform for industry-government alignment. He emphasized that direct feedback from global industry leaders helps refine policy frameworks, address sectoral challenges more effectively, and strengthen India’s position as an attractive investment destination.

Highlighting India’s robust economic momentum, Prime Minister stated that India is advancing rapidly towards becoming the world’s third-largest economy and will play a decisive role in the global energy demand-supply balance.

Prime Minister drew attention to significant investment opportunities in India’s energy sector. He highlighted an investment potential of around USD 100 billion in exploration and production, citing investor-friendly policy reforms introduced by the government. He also underscored the USD 30 billion opportunity in Compressed Bio-Gas (CBG). In addition, he outlined large-scale opportunities across the broader energy value chain, including gas-based economy, refinery–petrochemical integration, and maritime and shipbuilding.

Prime Minister observed that while the global energy landscape is marked by uncertainty, it also presents immense opportunity. He called for innovation, collaboration, and deeper partnerships, reiterating that India stands ready as a reliable and trusted partner across the entire energy value chain.

The high-level roundtable saw participation from 27 CEOs and senior corporate dignitaries representing leading global and Indian energy companies and institutions, including TotalEnergies, BP, Vitol, HD Hyundai, HD KSOE, Aker, LanzaTech, Vedanta, International Energy Forum (IEF), Excelerate, Wood Mackenzie, Trafigura, Staatsolie, Praj, ReNew, and MOL, among others. The interaction was also attended by Union Minister for Petroleum and Natural Gas, Shri Hardeep Singh Puri and the Minister of State for Petroleum and Natural Gas, Shri Suresh Gopi and senior officials of the Ministry.