The Central government has announced the Minimum Support Price (MSP) of the Kharif crops for 2021-22 marketing season on June 9,2021. Rise in the MSP in pulses was in line with the market expectations. However, MSP for soybean was the second lowest in the entire commodity space.

Market participants were expecting soybean MSP to be increased to 4,200 and above from the previous year of 3,950 rupees. Already there is shortage of the oilseed in the country and the government aims to reduce the edible oil import bill. Is the miniscule increase in MSP of soybean still going to attract farmers to plant more this year ???

MSP of Kharif crops for marketing year 2021-22

		A	B	C	D	E	F	(F-E)
Commodity	Rs /100 kg	2016-17	2017-18	2018-19	2019-20	2020-21	2021-22	(+) Increase (F-E)	% Increase on Year
Grains
Paddy	Common	1470	1550	1750	1815	1868	1940	72	3.85
	Grade’A’	1510	1590	1770	1835	1888	1960	72	3.81
Jowar	Hybrid	1625	1700	2430	2550	2620	2738	118	4.50
	Maldandi	1650	1725	2450	2570	2640	2758	118	4.47
Bajra		1330	1425	1950	2000	2150	2250	100	4.65
Maize		1365	1425	1700	1760	1850	1870	20	1.08
Ragi		1725	1900	2897	3150	3295	3377	82	2.49
Pulses
Arhar(Tur)		5050	5450	5675	5800	6000	6300	300	5.00
Moong		5225	5575	6975	7050	7196	7275	79	1.10
Urad		5000	5400	5600	5700	6000	6300	300	5.00
Cotton	Medium Staple	3860	4020	5150	5255	5515	5726	211	3.83
	Long Staple	4160	4320	5450	5550	5825	6025	200	3.43
Oilseeds
Groundnut		4220	4450	4890	5090	5275	5550	275	5.21
Sunflower Seed		3950	4100	5388	5650	5885	6015	130	2.21
Soybean	Black
	Yellow	2775	3050	3399	3710	3880	3950	70	1.80
Sesamum		5000	5300	6249	6485	6855	7307	452	6.59
Nigerseed		3825	4050	5877	5940	6695	6930	235	3.51