AreaIndia

Commodity GroupRice

CommodityAll

Date19/06/2024

Policy CategoryProduction

Policy InstrumentMinimum support prices

DescriptionRaised minimum support prices (MSPs) for paddy for the 2024/25 season. In the case of common paddy, the MSP was raised 5.4 percent above the 2023/24 level to INR 23 000 (USD 275) per tonne, while for Grade A paddy, the MSP was set to INR 23 200 (USD 278) per tonne, up 5.3 percent from 2023/24.

NotesExchange rate as of 15 July 2024.