Cabinet okays MSP boost for rabi crops
Business Standard|October 17, 2024
May not have big inflationary impact: BoB analysis
SANJEEB MUKHERJEE
Cabinet okays MSP boost for rabi crops
The Union Cabinet on Wednesday raised the Minimum Support Prices (MSP) for key rabi crops for the 2025-26 marketing season starting from April by 2.4-7 per cent.

The support price of wheat has been hiked by 6.59 per cent and fixed at ₹2,425 per quintal from ₹2,275 per quintal in the marketing season 2024-25. The hikes might not have a big inflationary impact. According to an analysis done by the Bank of Baroda, the overall inflationary impact of MSP hikes on wheat, chana, mustard, and masur would be lower at around 0.18-0.20 per cent over a year.

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