The Centre's decision to raise the Minimum Support Prices for six rabi crops is not expected to cause a significant increase in retail inflation, according to a report by ICICI Bank Global Markets, reported by ANI. The government on October 1, announced the new MSPs for the 2026-27 rabi marketing season, increasing support prices between 4 and 10 per cent for key crops such as wheat, barley, gram, lentils, mustard and safflower. With sufficient foodgrain reserves and strong water storage across reservoirs, the bank expects food inflation to remain in check for the rest of the year.

Moderate hikes across key crops

The new MSP for wheat, India’s main rabi crop, has been increased by 6.6 per cent to Rs 2,585 per quintal. Barley is set at Rs 2,150 (up 8.6 per cent), gram at Rs 5,875 (up 4 pe

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