AreaIndia

Commodity GroupRice

CommodityAll

Date09/06/2021

Policy CategoryProduction

Policy InstrumentSupport prices, government procurement

DescriptionApproved an INR 720 (USD 10) per tonne increase in minimum support prices (MSPs) for paddy for the 2021/22 season. In the case of common paddy, this brought the MSP to INR 19 400 (USD 258) per tonne, and in the case of Grade A paddy to INR 19 600 (USD 261) per tonne.

NotesExchange rate as of 15 October 2021.