India govt approves Rs 110 hike in wheat MSP to Rs 1,735 per quintal for this year.

The Cabinet Committee on Economic Affairs today approved raising the minimum support price for wheat by 110 rupees to 1,735 rupees per 100 kg for 2018-19 (Apr-Mar) to ensure remunerative prices to farmers. Announcement of higher support prices ahead of the rabi sowing season are expected to boost acreage under key rabi crops.