India raises rabi MSPs for 2027-28; wheat set at ₹2,610 per quintal

The Cabinet raised wheat MSP by ₹25 per quintal, or less than 1%. Mustard rose 6.7% to ₹6,613 per quintal and gram 1.4% to ₹5,958. The new support prices provide procurement benchmarks for flour, edible-oil and pulses suppliers, but do not directly determine retail prices.

By ·Devil's-advocate pass

Source published First seen Source BL · Consumer & Economy

The development

The Indian government approved rabi MSPs for 2027-28, setting wheat at ₹2,610 per quintal against ₹2,585 per quintal for 2026-27. Mustard MSP rose by 6.7 per cent to ₹6,613 per quintal, while gram reached ₹5,958 per quintal.

The numbers

  • 2027-28
  • 1-10 per cent
  • less than 1 per cent
  • 10.3 per cent
  • ₹2,610 per quintal
  • ₹2,585 per quintal
  • 2026-27
  • ₹1,264 per quintal
  • 6.3 per cent
  • ₹2,286 per quintal
  • ₹2,150 per quintal
  • 1.4 per cent
  • ₹5,958 per quintal
  • ₹5,875 per quintal
  • 5.6 per cent
  • ₹7,390 per quintal
  • ₹7,000 per quintal
  • 6.7 per cent
  • ₹6,613 per quintal
  • ₹6,200 per quintal
  • ₹7,215 per quintal
  • ₹6,540 per quintal
  • ₹90,962 crore
  • 324 lakh tonnes

Why it matters to operators and investors

When evaluating flour, edible-oil and pulses targets, test sourcing flexibility and procurement exposure rather than assuming higher MSPs translate directly into retail-price or revenue growth.