India hikes kharif MSPs: paddy +3%, jowar +8.8%, pulses and cotton lifted for 2026 season
Cabinet cleared MSP hikes across 14 kharif crops, with paddy at Rs 2,461/quintal and tur up Rs 450 to Rs 8,450. Government pegs farmer payout at Rs 2.6 lakh crore on 824 lakh tonnes procurement. Rural cash injection supports FMCG and grocery demand, but raises input cost pressure for food processors.
India raised MSPs for 14 kharif 2026 crops, with paddy up 3% and jowar 8.8%; pulses, oilseeds and cotton also hiked. Rs 2.6 lakh crore farmer payout expected, impacting rural incomes and FMCG/grocery input costs.