Madhya Pradesh - Wheat Procurement Target

24-Jan-2025 04:05 PM

Madhya Pradesh - Wheat Procurement Target
★ The MSP for wheat this season has been set at Rs. 2,425 per quintal, with an additional Rs. 125 per quintal bonus announced (official confirmation pending). If included, the procurement price could reach Rs. 2,550 per quintal.
★ Last season, only 48 lakh tons of wheat were procured at MSP due to higher market prices, against the target of 100 lakh tons.
★ This season, the procurement target is 80 lakh tons, with the sowing area increasing by 4 lakh hectares to a total of 100 lakh hectares in Madhya Pradesh.
★ If market prices remain higher than the MSP, achieving the target may be challenging for the government.
★ Whether this policy benefits farmers or not will become clearer in the future.