The minimum support price (MSP) for groundnuts for the 2023-2024 marketing season is Rs. 6,377 per quintal, which is an increase from Rs. 5,850 per quintal in 2022-2023. The MSP is a floor price set by the government to guarantee that producers' commodity prices won't fall below a certain level, even if there's a bumper crop.
Pre-sowing price The price per quintal is expected to be around Rs. 6,250–6,750 during the harvesting period from January to March 2024. Harvesting price The price per quintal is expected to be around Rs. 6,500–6,800 during the harvesting period from October to December 2024.