Centre Raises Wheat Purchase Price By 2% Amid Farmers' Protest

The minimum support price (MSP) for mustard seed has also been raised by Rs 400 to Rs 5,050 per quintal for the current crop year

The centre has raised the price it will pay to buy new-season wheat from farmers by 2 per cent to Rs 2,015 per 100 kg. The country is the world's second-biggest wheat consumer and sets a price each year to protect farmers from distress sales and to cover emergency needs. The minimum support price (MSP) for mustard seed has been raised by Rs 400 to Rs 5,050 per quintal for the current crop year. MSP is the rate at which the government buys grain from farmers. Currently, the government fixes MSPs for 23 crops grown in both kharif (summer) and rabi (winter) sowing seasons.