Chana, mustard likely to trade around MSP, wheat much above it

The MSP of mustard for 2023-24 is Rs 5,450 per quintal

Wheat is expected to trade much above its minimum support price (MSP) owing to strong demand while prices of chana and mustard might remain under pressure and closer to their MSPs, according to traders.

A more than anticipated rise in prices of rabi crops, mainly in cereals, pulses, and oilseeds, over their thresholds could make the government’s task of inflation control complicated and challenging.

Mustard

Mustard is the most widely grown oilseed during the rabi season, and this year, farmers have planted the crop in around 9.8 million hectares, which is 7.46 per cent more than last year’s.

“If everything