Govt hikes Minimum Support Price of wheat by Rs.100 & pulses by upto Rs.550 quintal

The Government has hiked the Minimum Support Price (MSP) of wheat by 100 rupees per quintal and pulses by up to 550 rupees a quintal to boost the output of these rabi crops and check prices. This decision was taken in a meeting of Cabinet Committee on Economic Affairs (CCEA) in New Delhi, yesterday. 

The CCEA approved 100 rupees per quintal hike in wheat MSP to 1,625 rupees per quintal for the 2016-17 rabi crop against 1,525 rupees per quintal last year. MSP on Gram has been



hiked to 4,000 rupees per quintal including bonus, from 3,500 rupees per quintal while MSP of Masur has been raised to 3,950 rupees per quintal from 3,400 rupees.

The support price on Mustard and safflower have been hiked to 3,700 rupees per quintal each. On Barley the support price has been increased to 1,325 rupees from 1,225 rupees per quintal. To incentivise cultivation of pulses and oilseeds, CCEA also announced a bonus on these crops over and above MSP.