Freeze sought on support price of wheat

The Food and Public Distribution Ministry has sought a freeze on the minimum support price(MSP) of rabi wheat 2002-2003 to be procured for the central pool in view of the huge foodgrain stocks lying with the Government. The Ministry wants the MSP to be frozen at last year's level of Rs 610 a quintal. However, the Union Agriculture Ministry proposes to marginally raise the support price by about Rs 15 a quintal. This will be a 2.4 % increase over what the Commission of Agriculture Costs and prices has recommended which is to freeze at last year's level.


Market Update
(Food Grains)