Rs. 100 per quintal
The Union Government has hiked Rs. 100 per quintal in wheat Minimum Support Price (MSP) to Rs. 1,625 per quintal for the 2016-17 and pulses by up to Rs. 550 per quintal to boost the output of these rabi (winter- sown) crops and check prices. Apart from this, MSP on Gram has been hiked to Rs. 4,000 per quintal including bonus, from 3,500 rupees per quintal while MSP of Masur has been raised to Rs. 3,950 per quintal from Rs. 3,400. The support price on Mustard and safflower has been hiked to Rs. 3,700 per quintal each. On Barley the support price has been increased to Rs. 1,325 from Rs. 1,225 per quintal. To incentivize cultivation of pulses and oilseeds, CCEA also announced a bonus on these crops over and above MSP. The MSP is the rate at which government buys the grain from farmers.