The government on Wednesday announced a 6.59% increase in the minimum support price (MSP) for wheat to ₹2,585 per quintal for 2026-27 marketing year. The decision was taken in the Union Cabinet meeting chaired by Prime Minister Narendra Modi.

Last year, wheat MSP was fixed at ₹2,425 per quintal for 2025-26 marketing year.

Wheat is the main rabi (winter) crop, with sowing beginning from late October, while harvesting from March onwards.

The government has set a record wheat production target of 119 million tonne for the 2025-26 crop year (July-June).

The Union Cabinet raised the MSP from ₹2,425 per quintal to ₹2,585 this year.

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