The government on Tuesday increased the minimum support price (MSP) of six rabi (winter-sown) crops - wheat, mustard, barley, masoor (lentil), gram and safflower - for the crop year 2017-18. The move is expected to boost acreage and production of these crops.
The MSP—rate at which the government procures grain from farmers—of wheat was increased by Rs 110 per quintal, from Rs 1,625 per quintal in 2016-17 to Rs 1,735 per quintal in 2017-18, an increase of 6.8%.
Read more in a report published in the Times of India....
News Source
Times of India
