The government of India hikes the wheat minimum support price by Rs 150 to Rs 2,425 per quintal ahead of state polls

New Delhi, Oct 16 (PTI) The government on Wednesday increased the Minimum Support Price (MSP) for wheat by Rs 150 to Rs 2,425 per quintal for the 2025-26 marketing season, a move that comes ahead of key state elections. The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, approved price hikes for six rabi crops, with increases ranging from Rs 130 to Rs 300 per quintal for the 2025-26 marketing season beginning April 2025. Reacting to the Cabinet decision, Modi said his government has been making big decisions continuously for the welfare of farmers. The rise in MSP will make the lives of farmers easier. He highlighted that the new wheat MSP is 105 per cent higher than the cost of production, calling it “a big thing.” The government also raised the MSP for rapeseed and mustard seed by Rs 300 to Rs 5,950 per quintal, aiming to boost domestic oilseed production and reduce edible oil imports. The support price for safflower increased by Rs 140 to ...