AreaIndia

Commodity GroupRice

CommodityAll

Date08/06/2022

Policy CategoryProduction

Policy InstrumentMinimum support prices

DescriptionRaised minimum support prices (MSPs) for paddy applicable for the 2022/23 season by 5.1 to 5.2 percent. This raised the MSP for common paddy to INR 20 400 (USD 248) per tonne and for Grade A paddy to INR 20 600 (USD 250) per tonne.

NotesExchange rate as of 15 October 2022.