Archive · 22 May 2025
RBI Reports on Food Prices: Most Crops Below MSP Amid Bumper Harvests
The price of most foods at the market (except wheat) are now lower than what the government said they should be.
This is because farmers grew a lot of crops.
Some oils are getting more expensive, but onions are now cheaper.
Farmers are planting summer crops like rice and green beans more than they did last year.
The weather forecast predicts a good monsoon, meaning good rain, which will help the next harvest.
Average mandi prices for most food crops (excluding wheat) are below MSP due to bumper harvests.
Edible oil prices increased, driven by soybean, sunflower, and mustard oil.
Onion prices corrected, while potato and tomato prices increased.
Summer crop sowing is nearly complete, with paddy and green gram acreage exceeding the previous year.
Above-normal rainfall forecast for the Southwest Monsoon of 2025 is expected.
- Who
- Reserve Bank of India, Farmers, and Consumers.
- What
- Report on food prices, including analysis of mandi prices, MSP, and crop sowing.
- When
- Data from April 1 to May 19, 2025; Report published May 22, 2025.
- Where
- India
- Why
- To provide an economic overview of agricultural prices and market conditions.
Government/RBI
Farmers/Consumers
Crop Prices
Government/RBI
Bumper harvests and policy measures are driving down prices.
Farmers/Consumers
Average mandi prices for most major food crops are below MSP, excluding wheat, potentially benefiting consumers and impacting farmer income.
- MSP
- Minimum Support Price fixed by Central Government for 23 crops
- Data Period
- April 1 to May 19, 2025
- Summer Acreage Increase
- 11.9% higher than the previous year
- Paddy Sowing
- 107.6% of full season normal area (as of May 16, 2025)
- Green Gram Sowing
- 108.2% of full season normal area (as of May 16, 2025)
- Forecasted Monsoon Rainfall
- 105% of the long period average
