MSP hiked 2% for wheat, about 8% for mustard, masoor
The Hindu
Taking 6% inflation into account, wheat MSP has dropped 4% in real terms: SKM
The Centre has increased the Minimum Support Price (MSP) for wheat for the upcoming rabi season to ₹2,015/quintal, a 2% hike from last year’s ₹1,975/quintal rate. Oilseeds and pulses such as mustard, safflower and masoor dal saw higher MSP increases of up to 8% in a bid to encourage crop diversification, according to a statement on the Cabinet Committee on Economic Affairs’s decision on Wednesday. The MSP is the rate at which the government purchases crops from farmers. Currently, rates are fixed for 23 crops, including six crops during the upcoming rabi or winter season for which sowing will begin in October.
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