The government has increased the Minimum Support Price (MSP) of wheat by Rs 110 to Rs 1,735 a quintal and of pulses by Rs 200 per quintal. The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has approved the MSPs of all rabi (winter-sown) crops for 2017-18.
This step has been taken in order to help boost the output of these crops and check prices. The MSP of gram and masoor have been raised by Rs 200 per quintal each to Rs 4,200 and Rs 4,150.
Among oilseeds, rapeseed/mustard and safflower seed MSPs have also been increased substantially. The support prices are in line with the recommendations of the Commission for Agricultural Costs and Prices.