The Minimum Support Price (MSP) for groundnut in India for the 2024-2025 marketing season is Rs 6,783 per quintal. This is an increase from Rs 5,275 per quintal in 2020-2021.
The MSP is a key mechanism that ensures that prices of commodities do not fall below a certain level, even during bumper crops. It acts as a floor price and is a long-term guarantee for producers' investment decisions.