A decision 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. 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), rapseed and mustard also hiked.
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