AreaIndia

Commodity GroupRice

CommodityAll

Date07/06/2023

Policy CategoryProduction

Policy InstrumentMinimum support prices

DescriptionRaised minimum support prices (MSPs) for paddy for the 2023/24 season. In the case of common paddy, the MSP was raised 7.0 percent above the 2022/23 level to INR 21 830 (USD 262) per tonne, while for Grade A paddy, the increase was 6.9 percent to INR 22 030 (USD 264) per tonne.

NotesExchange rate as of 16 October 2023.