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New Delhi: The government on Thursday raised the minimum support price of wheat for the 2009-10 crop marketing season by a nominal 1.85%, the smallest rise in four years, inviting criticism from a section of farmers in Punjab and also the state’s chief minister Parkash Singh Badal, who termed the hike as ‘woefully inadequate and unjustified.’
The Centre has raised the MSP of wheat by an average of 18% a year in the past three years, which pushed up wheat output in 2008-09 to a record 80.58 million tonnes in 2008/09 as more farmers switched to wheat from cane.
“The government would pay wheat farmers Rs 1,100 per 100 kg for the 2010 harvest, up from 1,080 rupees per 100 kg last year,” the home minister P Chidambaram told reporters after the Cabinet approved the new price. Wednesday, FE reported that the Cabinet might discuss a proposal to hike wheat MSP by Rs 20 per quintal.
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