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India's Cabinet raised minimum support prices for all 14 kharif crops for 2024-25, with paddy up 5.35% to ₹2,300 per quintal. The government already holds a record rice stockpile, more than four times the required buffer.
Bajra, arhar dal, maize and black gram offer the highest margins over production costs.
Higher Indian support prices underpin domestic grain values and make India less likely to release cheap rice and maize exports, supporting world feed grain prices.
thehindu.comThe Hindu BureauJun 19, 2024After 168 past bullish policy events, Rough Rice moved a median +0.8% over 5 sessions (57% higher; middle half -1.7% to +2.1%), and -0.4% over 20.
After 318 past bullish policy events, Corn moved a median -0.1% over 5 sessions (48% higher; middle half -1.4% to +1.5%), and -0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
