Kharif MSP hiked 4-9% for 2022-23 season, largest spike in pulses, oilseeds

Biggest hikes were reserved for pulses, oilseeds

The government on Wednesday raised the minimum support price (MSP) of kharif crops for the 2022-23 crop year (July-June) by around 4-9 per cent. The biggest hikes were reserved for pulses and oilseeds, notably moong, soybean, and sunflower seed, as has been the norm in the past several years.

The MSP of jowar was also raised sharply to encourage farmers to plant more of this less water-guzzling and highly nutritious crop.

In the case of moong, which is one of the main pulses grown during the kharif season, the MSP has been raised by 6.6 per cent in 2022-23, compared