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Centre hikes local rise purchase price by 3.9% amid farmer protests


Centre hikes local rise purchase price by 3.9% amid farmer protests
The hike could encourage farmers to expand the area under the grain and will force the government to buy more rice from local growers, bumping up supplies and putting pressure on the government s stretched budget
Reuters | June 9, 2021 | Updated 20:24 IST
For common grades of paddy rice, the government has fixed the support price at 1,940 rupees ($26.59) per 100 kg
India has raised the price at which it will buy new-season common rice varieties from local farmers by 3.9%, the agriculture minister said, as New Delhi tries to please farmers that have been protesting over three new agricultural laws. ....

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