India raised minimum purchase prices for rice, cotton and other crops by the most since Prime Minister Narendra Modi came to power in 2014. According a government, prices paid to local farmers for common grade paddy rice are to be raised by 5.4% to Rs. 1,550 per 100 kg for the year starting on July 1, while long staple cotton prices have been hiked by 3.8% to Rs 4,320 per 100 kg.
India raised minimum purchase prices for rice, cotton and other crops by the most since Prime Minister Narendra Modi came to power in 2014. According a government, prices paid to local farmers for common grade paddy rice are to be raised by 5.4% to Rs. 1,550 per 100 kg for the year starting on July 1, while long staple cotton prices have been hiked by 3.8% to Rs 4,320 per 100 kg.