Centre hikes wheat MSP by Rs 150, highest since 2014

The seasonal hike, which came ahead of the assembly polls in wheat producing states of MP and Rajasthan, is the highest quantum of increase in MSP for wheat since the Modi government came to power in 2014. Data shows that annual MSP hikes for wheat ranged from Rs 40 per quintal to Rs 110 per quintal during 2014-15 to 2023-24 period when the focus was increasingly on support prices of pulses and oilseeds to nudge farmers towards crop diversification in order to reduce the country’s import bill.