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Herald: Curtorim farmers demand release of Support Price Subsidy

Herald: Curtorim farmers demand release of Support Price Subsidy
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Transcripts for BBCNEWS Asia Business Report 20240604 01:38:00

that would be damaged and it would have repercussions on prices but i think el nino is hitting the region and globally at a very sensitive time. the countries are likely to be impacted are australia and southeast asia, mostly philippines and also cambodia but the most critical crop that is likely to be impacted is rice. rice is the singular most important for security commodity in the region and prices of rice have been going up recently as a result of the global financial and economic crisis. so i think this will add to the situation already critical. at least for some countries. now to india where the government has increased the guaranteed prices that farmers get for crops sown on during the rains but as the bbc says, indian farmers are still not happy. this essentially is the minimum support price which is

Transcripts for BBCNEWS Asia Business Report 20240604 00:39:00

the minimum support price which is a guaranteed amount of money that a farmer is assured by the government for his projects. the government in a government meeting has decided to increase the price given to farmers by nearly $2 as compared to last year. paddy is the primary crops on in the monsoon in india and the sewing has already begun. apart from that, minimum support prices have also been hiked for pulses by nearly $10, the highest among crops sawn in the season. but many farmers are not satisfied. they say the rise in prices does not match the input costs put in by farmers. farmers say the government has not taken into account the rise in irrigation and fertiliser costs that have also severely affected farmers. the government however disagreed with the farmers say this is a trigger to be beneficialfor them because it is also coming at a time when inflation is under the client. the

Transcripts for BBCNEWS Asia Business Report 20240604 23:39:00

are still not happy. this is essentially the minimum support price, the guaranteed money that a farmer is assured by the government for their produce. the government has decided to increase the price given to farmers by nearly $2 as compared to last year. this is the primary crop song and the monsoons of india. apart from atari, minimum support prices have been hiked for pulses by nearly $10. but many farmers organisations are not satisfied. they say the rise in prices does not match the input costs put in by farmers. farmers say the government has not taken into account the rising irrigation and fertiliser costs and have also severely affected farmers. the government disagreed with the farmers, saying this is going to be beneficialfor them

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