Kharif Crops Face Price Slump: Bajra, Moong Below MSP

As the new Kharif season commences, farmers in major producing states are anticipating favorable market prices for most crops. However, current data indicates that Bajra (Pear Millet) and Moong (Green Gram) are facing significant price declines, trading substantially below their Minimum Support Prices (MSPs).

Data from September 4, 2026, reveals that nine out of fourteen announced Kharif crops, such as Maize, Jowar, Tur, Urad, and Soyabean, are selling at or above their respective MSPs for the 2026-27 season. Paddy prices in Uttar Pradesh, for instance, were recorded at ₹1,965/quintal, with government procurement influencing market rates.

Despite potential productivity reductions attributed to El-Nino, market prices for Bajra, Paddy, Moong, Groundnut, and Soyabean are currently showing negative trends, ranging from 0.6% to 31% below their upcoming season's MSPs. Conversely, Maize, Jowar, Tur, and Urad are trading up to 11% higher than their MSPs.

Experts note that government procurement significantly supports paddy prices, and soybean prices are higher this year despite increased imports. Groundnut crop prospects in Gujarat are also positive, with prices expected to rise. However, maize prices may decrease upon crop arrival due to competition from alternative animal feeds.

Concerns over El-Nino's impact on production are widespread, with historical data suggesting potential losses that are already reflected in current prices. The surprising drop in soybean prices is attributed by some to potential cartelization, which is not expected to last. Overall, most major crops are anticipated to align with their MSPs, with Moong being a notable exception due to potential stock disposals by government agencies.

Sowing areas for maize and paddy are slightly down compared to the previous year, as are areas for soybean and groundnut.