Govt raises kharif paddy MSP by 7%; largest hikes for moong and groundnut

Hike for other crops between 5% and 10%

The Union Cabinet on Wednesday raised the minimum support price (MSP) of paddy by up to 7 per cent to Rs 2,183 per quintal for a common grade, while that of Grade A was raised by 6.94 per cent, from Rs 2,060 per quintal to Rs 2,203 per quintal. It is the largest foodgrain grown during the kharif season,

The hikes in absolute terms were Rs 143 per quintal, which, according to some reports, were the second highest in the past decade.

The highest increase in paddy MSP in absolute terms in 10 years was by Rs 200 per quintal