The Indian government announced hikes in the minimum support prices of six rabi crops, including wheat and lentils, as it attempts to allay farmers’ fears over future of the support price in the wake of passage of two controversial farm bills in Parliament amid the uproar.
The MSP (Minimum Support Price) of wheat has been hiked by Rs 50 to Rs 1,975 per quintal.
The increase in MSP rates are as follows:
• Lentil: Rs. 300 per quintal
• Gram, rapeseed & mustard: Rs. 225 per quintal each
It is to be noted that the MSP is the rate at which the government buys crops from farmers.