Govt hikes wheat MSP by Rs 150 to Rs 2,275 per quintal for 2024-25
wheat growing states, the government on Wednesday announced an increase in the minimum support price of wheat by Rs 150 to Rs 2,275 per quintal for the 2024-25 marketing season.
This is the highest quantum of increase in MSP for any marketing season since the Modi government came to power in 2014.
Besides, the Minimum Support Price (MSP) for five other rabi crops — gram, barley, lentil (masur), rapeseed-mustard seed and safflower — have been hiked.
A decision in this regard was taken at the meeting of the Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi.
Currently, the MSP of wheat stands at Rs 2,125 per quintal for the 2023-24 marketing season (April-March).
Wheat is the main rabi (winter) crop and its sowing begins in October while harvesting starts from April.
MSP is the minimum rate at which the grain is purchased by the government procurement agencies.
Briefing media after the cabinet meeting, Information & Broadcasting Minister Anurag Singh Thakur said the CCEA has approved the increase in the MSP of six mandated rabi crops for the 2024-25 marketing season.
«Based on the CACP (Commission for Agricultural Costs and Prices) recommendation, we have increased the MSP of six rabi crops.
Wheat MSP has been increased by Rs 150 per quintal,» he said.
The MSP of wheat has been raised to Rs 2,275 per cent quintal for 2024-25 marketing season from Rs 2,125 per quintal in 2023-24.
The increase in wheat MSP comes ahead of the assembly polls in the key wheat growing states of Madhya Pradesh and Rajasthan even as consumer prices of wheat and wheat flour have been under pressure since last one-and-half years.
The ban on wheat exports to control prices of wheat and wheat flour (atta)
