The Union Cabinet on Wednesday announced a 6.59 per cent increase in the minimum support price (MSP) for wheat to Rs 2,585 per quintal for the 2026-27 marketing year, up Rs 160 per quintal from Rs 2,425 per quintal last year.

Among other Rabi crops, the highest absolute increase was announced for safflower at Rs 600 per quintal, followed by lentil (masur) at Rs 300 per quintal. For rapeseed and mustard, gram and barley, the increases are Rs 250, Rs 225 and Rs 170 per quintal, respectively.

Following the Cabinet meeting, Union Minister for Information and Broadcasting Ashwini Vaishnaw said, “The MSP hike will channel a total of Rs 84,263 crore to farmers. The estimated procurement for the 2026-27 rabi season is expected to be 297 lakh metric tonnes.”

Official sources said the MSP increas

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