Wheat MSP raised by 4.6% to Rs 1925/qtl, but it's still lowest in 5 years

Minimum support price for wheat will now be Rs 1,925 a quintal, lowest in the last five years

Saddled with bulging stocks and rising economic cost, the Cabinet on Wednesday increased the minimum support price (MSP) of wheat for the 2020-21 rabi marketing season by 4.61 per cent to Rs 1,925 a quintal, lowest in the last five years. 

In the current wheat marketing season that will end in March 2020, MSP was increased by 6.1 per cent as compared to the 2018-19 season. The average weighted cost of production of wheat for the 2020-21 season has been estimated at Rs 923 a quintal. This is up Rs 57 from the current season’s average weighted cost of production.

The government