In MP, farmers say sales under new 'Sauda Patrak' method below MSP; Haryana mustard farmers wait for their turn to sell
Haryana, Punjab take different routes to ensure social distancing at mandis
. According to the second government estimate, the country is set to harvest a record wheat production of 106.21 million tonne in the 2019-20 crop year on the back of good rains
India's wheat crop was estimated at a record 106.21 mt in the second official Advance Estimate some months earlier.
Prices are expected to trade lower towards Rs 1,600 per quintal given the expected new arrivals
The government, through the FCI, sells wheat and rice to bulk consumer/traders/state governments from the central pool at pre-determined prices in the open market from time to time
Minimum support price for wheat will now be Rs 1,925 a quintal, lowest in the last five years
The CCEA has approved Rs 85 per quintal hike in wheat MSP to Rs 1,925 per quintal for the 2019-20 rabi crop, up from Rs 1,840 per quintal last year
The revised purchase price of 1,925 rupees per 100 kg for 2020 compares with 1,840 rupees a year ago, he said
A decision in this regard was taken at the meeting of the Cabinet Committee on Economic Affairs (CCEA), headed by Prime Minister Narendra Modi
The MSP of wheat was Rs 1,735 per quintal in the 2017-18 crop year