New Delhi, May 13 -- Cabinet Committee on Economic Affairs, chaired by Narendra Modi, has approved an increase in the Minimum Support Prices (MSP) for 14 kharif crops for the marketing season 2026-27 to ensure remunerative prices for farmers.

According to the government, the highest absolute increase in MSP over the previous year has been approved for sunflower seed at Rs 622 per quintal, followed by cotton at Rs 557 per quintal, nigerseed at Rs 515 per quintal and sesamum at Rs 500 per quintal.

The government said the revised MSP is in line with the Union Budget 2018-19 announcement of fixing MSP at a level of at least 1.5 times the all-India weighted average cost of production.

The estimated margin for farmers over the cost of produc...