Minimum support price of wheat hiked by Rs 110 per quintal

Minimum support price of wheat hiked by Rs 110 per quintal
Minimum support price of wheat hiked by Rs 110 per quintal

The minimum support price (MSP) of wheat was hiked by government on Tuesday by Rs 110 to Rs 1,735 a quintal for this year, a government source said.

A decision in this regard was taken in the Cabinet Committee on Economic Affairs (CCEA) meeting.

The MSP is the rate at which government buys the grain from farmers. At present, wheat MSP is Rs 1,625 per quintal.

Wheat is the main rabi crop, sowing of which will begin from this month. The crop will be marketed from next year April onwards.

-PTC News