GENERAL30 Sept 2026
Cabinet likely to raise wheat MSP by ₹25 to ₹2,610 per quintal for 2027-28
The Union Cabinet has likely cleared a ₹25 per quintal rise in wheat's minimum support price (MSP), taking it to ₹2,610 per quintal for the 2027-28 rabi marketing year. The previous year's MSP was ₹2,585. This mainly affects wheat farmers, since wheat is India's main rabi (winter) crop. Sowing begins in October, so plan your crop and sale decisions around this price.
Key Statutory Highlights
- The Union Cabinet is likely to have approved a ₹25 per quintal increase in wheat MSP, taking it to ₹2,610 per quintal for the 2027-28 rabi marketing year.
- The MSP for wheat for the 2026-27 marketing year (April-March) was fixed at ₹2,585 per quintal.
- The agriculture ministry has set a wheat production target of 121 million tonnes for the 2026-27 crop year (July-June).
Actionable Advice for Taxpayers / Founders:If you grow or trade wheat, wait for the official MSP announcement before locking your sowing, selling or buying plans, and speak to your CA or local agriculture office about how it applies to you.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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