Wednesday, 2 September 2009

Indian Paddy farmers in for a special bonus

The government may announce a bonus over and above the minimum price paid to paddy farmers for the next season starting October.
The Centre, on August 20, increased the minimum support price for 2009-10 season to Rs 950 per quintal for average quality, and to Rs 980 per quintal for higher grade.

In 2008-09, the government procured paddy at Rs 900 per quintal for fair average quality and at Rs 930 for higher grade. This included the bonus of Rs 50 per quintal over and above the MSP.

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