AreaIndia

Commodity GroupRice

CommodityAll

Date12/10/2021

Policy CategoryProduction

Policy InstrumentProduction support

DescriptionAnnounced that a net subsidy of INR 287 billion (USD 3.8 billion) would be destined to raise per bag subsidies on DAP by INR 438 (USD 5.8) and by INR 100 (USD 1.3) for nitrogen, phosphorus and potassium (NPK) formulations during the 2021/22 Rabi campaign.

NotesExchange rate as of 15 October 2021.