The Centre on Wednesday raised the Minimum Support Price (MSP) for paddy by 3 per cent (Rs 69) to Rs 2,369 per quintal, while up to 9 per cent rise in pulses and oilseeds rates for the 2025-26 kharif marketing season.

The agriculture ministry's proposal on MSP for the new kharif season was approved in the meeting of the Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi.

The announcement comes amid southwest monsoon reaching earlier than usual, giving a boost to the sowing of kharif crops, which contribute over 50 per cent of India's total annual foodgrain production.