In financial year 2024, the minimum support price for wheat was nearly 2.3 thousand Indian rupees in India. Wheat is a staple across the country, grown largely in the central and northern regions.
MSP is a market intervention and farmer income scheme by the Indian government. The effectiveness of MSP, however, varies depending on the region largely due to the lack of farmer awareness.
Minimum support price for wheat in India from financial year 2020 to 2024
(in Indian rupees per quintal)
The source did not provide a release date. Thus, the date given here is the date of data access.
India's financial year begins in April and ends in March. For example, FY 2021 started in April 2020 and ended in March 2021.
One Indian rupee is equal to 0.012 U.S. dollars and 0.011 euros (as of November 2023).
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
DES (India) (farmer.gov.in). (December 19, 2023). Minimum support price for wheat in India from financial year 2020 to 2024 (in Indian rupees per quintal) [Graph]. In Statista. Retrieved November 23, 2024, from https://www.statista.com/statistics/1430269/india-wheat-minimum-support-price/
DES (India) (farmer.gov.in). "Minimum support price for wheat in India from financial year 2020 to 2024 (in Indian rupees per quintal)." Chart. December 19, 2023. Statista. Accessed November 23, 2024. https://www.statista.com/statistics/1430269/india-wheat-minimum-support-price/
DES (India) (farmer.gov.in). (2023). Minimum support price for wheat in India from financial year 2020 to 2024 (in Indian rupees per quintal). Statista. Statista Inc.. Accessed: November 23, 2024. https://www.statista.com/statistics/1430269/india-wheat-minimum-support-price/
DES (India) (farmer.gov.in). "Minimum Support Price for Wheat in India from Financial Year 2020 to 2024 (in Indian Rupees per Quintal)." Statista, Statista Inc., 19 Dec 2023, https://www.statista.com/statistics/1430269/india-wheat-minimum-support-price/
DES (India) (farmer.gov.in), Minimum support price for wheat in India from financial year 2020 to 2024 (in Indian rupees per quintal) Statista, https://www.statista.com/statistics/1430269/india-wheat-minimum-support-price/ (last visited November 23, 2024)
Minimum support price for wheat in India from financial year 2020 to 2024 (in Indian rupees per quintal) [Graph], DES (India) (farmer.gov.in), December 19, 2023. [Online]. Available: https://www.statista.com/statistics/1430269/india-wheat-minimum-support-price/
