New Delhi, Oct 18: With the rabi-planting season picking up pace, the central government on Tuesday hiked the minimum support price (MSP) for six mandated crops, raising the price for whole wheat by 5.46 per cent.
The new MSP for wheat will be Rs 2,125 per quintal as against Rs 2,015 per quintal earlier. In absolute terms, this is the highest increase since 2018-19 marketing year. However, wheat prices are trading at a much higher level than the new support price.
Prime Minister Narendra Modi said on Tuesday that the hike in the MSP will further energise the agriculture sector.
