NEW DELHI: The government on Wednesday announced a rise in the minimum support price (MSP) of wheat by Rs 150 to Rs 2,275 per quintal for the 2024–25 marketing season, ahead of assembly elections in important wheat-growing regions. Since taking office in 2014, the administration led by Narendra Modi has increased salaries at the greatest rate. Prime Minister Modi presided over the Cabinet Committee on Economic Affairs (CCEA) meeting when a decision in this regard was made. The marketing-share price (MSP) for wheat for the 2023–24 marketing season (April–March) is currently Rs 2,125 per quintal.Anurag Thakur, the minister of I&B, briefed the media that the CCEA had recommended raising the minimum support price (MSP) for all mandatory rabi crops for the 2024–25 marketing season. “We have raised the MSP of six rabi crops in accordance with the CACP’s suggestion. The MSP for wheat has been raised by Rs 150 per quintal, he declared. He also stated that the support price of wheat has been raised from Rs 2,125 per quintal in 2023–24 to Rs 2,275 per quintal for the 2024–25 marketing season. The primary crop grown during the winter months is wheat, which is sown in October and harvested in April. The minimum support price, or MSP, is guaranteed to safeguard farmers’ interests. Below this price, government procurement agencies will not buy grain.
