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).
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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 December 27, 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 December 27, 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: December 27, 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 December 27, 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/
