The government on Tuesday approved a hike in minimum support price (MSP) of Rabi (winter sown) crops for the 2023-24 marketing season, increasing it for wheat by Rs 110 per quintal which is 5.4% higher than the current year support price. The move is aimed at encouraging farmers to go for higher acreage of pulses and oilseeds during the ongoing sowing season and reduce the country’s import dependency.
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