India's Rice Support Price Rises Slightly

  Published 1 year ago

India increased the support price for common rice paddy by 3%, the smallest rise in five years, due to overflowing grain reserves. Increases were larger for cotton and soybeans. The move aims to balance farmer support with managing excess stocks.

  • Rice support price increased to ₹2,369/100kg.
  • India holds 59.5M tons of rice stock.
  • Cotton & soybean prices saw larger boosts.

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