Tag: India rice market
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Rising paddy MSP keeps domestic rice prices firm
Supply-demand mismatch drag down ex-mill trade prices Approaching elections encouraging increase in MSP? The minimum support price (MSP) for paddy has been steadily rising, and, in turn, pushing up Indian domestic non-basmati rice prices. Data maintained with BigMint reveals that prices of the IR-64 5% par-boiled (PB), ex-Raipur (Chhattisgarh) have crept up by over 5%…