Centre hikes minimum support price of wheat by Rs 110 per quintal

New Delhi : The government on Tuesday hiked the minimum support price (MSP) of wheat by Rs 110 to Rs 1,735 a quintal for this year, a government source said. A decision in this regard was taken in the Cabinet Committee on Economic Affairs (CCEA) meeting. The MSP is the rate at which government buys the grain from farmers. At present, wheat MSP is Rs 1,625 per quintal. Wheat is the main rabi crop, sowing of which will begin from this month. The crop will be marketed from next year April onwards.