Zee Media Bureau
New Delhi: The government on Thursday raised the minimum support price (MSP) for wheat by Rs 50 to Rs 1,400 per quintal to encourage farmers to cover more area under the crop in the ongoing rabi season.
Wheat MSP is the rate at which government buys the grain from farmers. It is critical as it helps farmers decide the choice of crop.
The Agriculture Ministry had, however, proposed an increase of Rs 100 per quintal to Rs 1,450 per quintal in wheat MSP for the 2014-15 marketing year (April-March) from Rs 1,350 per quintal this year.
The government procures wheat from farmers at MSP during April-June. Wheat is the main crop grown in the rabi (winter)season.
Wheat's sowing begins in October and harvesting starts from April onwards.
First Published: Thursday, October 17, 2013, 13:46