India raises minimum procurement prices for six rabi crops
The Indian cabinet has decided to significantly increase the minimum procurement prices for six rabi crops in the 2026/27 season. Wheat will see the biggest increase — by almost 6.6% to 2,585 rupees per quintal (≈ $310 per tonne) against 2,425 rupees (≈ $291) in the previous season.
Safflower received the highest absolute and percentage increase, demonstrating the government’s desire to stimulate oilseed production by diversifying crops. The main regions for growing safflower are the states of Maharashtra and Karnataka, but it is also cultivated in Andhra Pradesh, Telangana, Gujarat, Madhya Pradesh and Rajasthan.
According to government forecasts, wheat cultivation will receive the highest profit as a percentage of cost — the margin will be 109% of the average Indian costs. This is followed by rapeseed and mustard (93%), lentils (89%), chickpeas (59%), barley (58%) and safflower (50%).
The government is expected to procure about 29.7 million tonnes of these crops during the MY 2026/27 procurement, with the total payment to farmers reaching Rs 84,263 crore (≈ $10 billion). This will be a significant financial incentive for farmers ahead of the new sowing season.
The absolute increase in the minimum procurement price will be 600 rupees per quintal for safflower (≈ $72 per ton), 300 rupees for lentils (≈ $36), 250 rupees for rapeseed and mustard (≈ $30), 225 rupees for chickpeas (≈ $27), 170 rupees for barley (≈ $20) and 160 rupees for wheat (≈ $19).
For almost 30 years of expertise in the agri markets, UkrAgroConsult has accumulated an extensive database, which became the basis of the platform AgriSupp.
It is a multi-functional online platform with market intelligence for grains and oilseeds that enables to get access to daily operational information on the Black Sea & Danube markets, analytical reports, historical data.
You are welcome to get a 7-day free demo access!!!
Read also
UkrAgroConsult presents market research on Ukraine’s livestock sector
Turkey’s Grain Production Expected to Drop 12% in 2025
Weather in major exporting countries remains favorable for harvesting and sowing
Brazil to set new records in soybean production and exports in MY 2025/26
Export demand for barley in Ukraine is growing, but supply remains low
Write to us
Our manager will contact you soon