April 27, 2011 12:46 PM

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Minimum support price of wheat raises to 1270 rupees per quintal in MP

In Madhya Pradesh, the minimum support price of wheat has been raised to 1270 rupees per quintal. The state government has given its formal approval to the 50 rupees additional bonus announced by the Central Government recently. The Central Government had announced the minimum support price of wheat as 1120 rupees per quintal this year. On this price, the Madhya Pradesh government has added 100 rupees per quintal as bonus from its side and has been purchasing wheat from the farmers at the rate of 1220 rupees per quintal. Recently the Central Government had taken a decision to give an amount of 50 rupees per quintal as bonus on the support price of wheat. So now the farmers would get 1270 rupees instead of 1220 rupees per quintal. The farmers, who have already sold wheat to the state government, will be paid additionally the difference of 50 rupees per quintal and the amount will be deposited in the bank accounts of the concerned farmers.

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