Cabinet raises Rabi MSPs for 2027-28; wheat set at Rs 2,610 per quintal
Rapeseed and mustard MSP is set at Rs 6,613 per quintal, while safflower receives the largest increase of Rs 675. The revised support prices offer a procurement benchmark for food and edible-oil supply chains, but do not establish a change in retail prices.
The development
The Cabinet Committee on Economic Affairs approved higher Rabi crop MSPs for Marketing Season 2027-28. Wheat's MSP is Rs.2,610 per quintal, while rapeseed and mustard's is Rs.6,613. Safflower received the largest increase of Rs.675 per quintal.
Also reported by Business Today · Latest (bazaar.businesstoday.in)
The numbers
- Sept. 30, 2026
- 2027-28
- Rs.2,610
- Rs.6,613
- Rs.675
Why it matters to operators and investors
Use the 2027-28 MSPs of Rs 2,610 per quintal for wheat and Rs 6,613 for rapeseed-mustard to review sourcing budgets and supplier terms, without assuming retail price increases.
What to watch next
- Farmgate and wholesale prices relative to wheat MSP of Rs 2,610 and rapeseed-mustard MSP of Rs 6,613 per quintal.
- Government procurement volumes, buying-centre coverage and payment timeliness.
- Crop-wise sowing acreage, weather, yield estimates and harvest arrivals.
- Public wheat stocks and open-market release decisions.
- Landed edible-oil prices, import duties and exchange rates versus domestic oilseed costs.
The counter-case
Higher MSPs do not automatically raise retailers’ procurement costs or shelf prices. The impact depends on whether government buying lifts prevailing market prices, while inventories, imports and supplier contracts can dilute transmission. Safflower’s largest absolute increase may have limited relevance without evidence of meaningful exposure in retailers’ edible-oil mix.