Wheat mess

With over 66 million tonnes of grain already in its stocks, the government rushed in and announced a Rs 650 per tonne increase in the minimum support price (MSP) of wheat, while the wise men of the Commission for Agricultural Costs and Prices had recommended caution: first, a nil increase, and then, a conditional bonus of Rs 40 per quintal provided the government ran down its stocks by at least five million tonnes. Now, the area under wheat acreage has gone up by 4.58 lakh hectare, in response to the higher MSP.

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