# Why MSP will not provide even minimum support to farmers

> The government is set to announce minimum support prices for 23 kharif crops, with farmers already facing higher costs. Fuel prices rose in May and June, and farmers report rising costs for agricultural rentals and agrochemicals, with projected input cost increases of 5-25 percent.

- Date: 2018-06-27 · published 2018-06-27T12:00:00.000Z
- Category: policy · region India · magnitude low
- Page: https://feedsoft.ai/events/64826-why-msp-will-not-provide-even-minimum-support-to-farmers
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Rising input costs erode the gains from MSP increases, which may keep farmers' margins thin and affect planted acreage and crop supply. Higher diesel and input costs can also push up feed grain production costs over the season.

## Read by commodity

- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2019-09-27 | [Port Report: truckers beware – IMO 2020 will cause fuel prices to “go through the roof” - FreightWaves](https://feedsoft.ai/events/57266-port-report-truckers-beware-imo-2020-will-cause-fuel-prices-to-go-through-the.md) | -3.9% | +1.9% |
| DIESEL | 2019-02-01 | [A trade gets done in Singapore and gives a hint what will happen to fuel prices under IMO2020 - FreightWaves](https://feedsoft.ai/events/60790-a-trade-gets-done-in-singapore-and-gives-a-hint-what-will-happen-to-fuel-prices.md) | +1.4% | +6.7% |
| DIESEL | 2018-09-02 | [Why Diesel Prices Are Set To Soar \| OilPrice.com](https://feedsoft.ai/events/63225-why-diesel-prices-are-set-to-soar-oilprice-com.md) | -0.9% | +7.6% |
| DIESEL | 2022-06-10 | [Factors to Consider Heading Into the 2023 Farm Bill \| Red River Farm Network](https://feedsoft.ai/events/40926-factors-to-consider-heading-into-the-2023-farm-bill-red-river-farm-network.md) | +3.3% | -14.5% |
| DIESEL | 2022-05-24 | [Oil steadies after choppy trade, U.S. says export ban not ruled out](https://feedsoft.ai/events/41562-oil-steadies-after-choppy-trade-u-s-says-export-ban-not-ruled-out.md) | +4.6% | +14.1% |

## Sources

- downtoearth.org.in: https://www.downtoearth.org.in/agriculture/why-msp-will-not-provide-even-minimum-support-to-farmers-60952

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.