The Union Cabinet on Wednesday raised the minimum support price (MSP) for wheat to ₹2,610 per quintal for the 2026-27 rabi marketing season, up from ₹2,585 last year. Information and Broadcasting Minister Ashwini Vaishnaw announced the decision after the Cabinet meeting chaired by Prime Minister Narendra Modi. The ₹25 per quintal increase applies to all wheat grades procured by government agencies. The MSP is the floor price at which the government buys wheat from farmers through agencies like the Food Corporation of India. It gives farmers an assured return for their crop and shapes sowing decisions across the rabi belt. Analysts said the modest hike aimed to balance farmer incomes with food inflation, since a higher MSP also raises the government’s procurement and subsidy bill. The Cabinet also cleared the ₹1.86 lakh crore Green Energy Corridor Phase-III scheme at the same meeting. Context: India buys wheat at MSP to run the world’s largest food ration programme, supplying cheap grain to over 800 million people.