AreaIndia

Commodity GroupGrains

CommodityWheat

Date12/03/2024

Policy CategoryConsumption and marketing

Policy InstrumentGovernment procurement

DescriptionApproved a bonus payment of INR 125 per quintal (USD 15 per tonne) of wheat procured by the government, in addition to the minimum support price (MSP). As the current MSP is INR 2 275 per quintal (USD 273 per tonne), wheat procured with the bonus would be purchased at INR 2 400 per quintal (USD 287 per tonne).