Indian government pledges to buy all farmers' produce at minimum support price, easing protests.

The Indian government has assured farmers that it will purchase all their produce at the minimum support price (MSP), addressing ongoing protests and demands for legal backing of the MSP system. Since 2019, the government has provided a 50% profit on production costs, leading to higher prices for crops like paddy, wheat, jowar, and soyabean. The government also adjusts export duties and prices to support farmers during price declines.

December 06, 2024
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