Higher prices will encourage farmers to boost output in the world's second-biggest rice producer and bountiful harvests could encourage the government to relax a ban on exports
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India has raised the price at which it will buy new-season common rice paddy from farmers to 2,300 rupees per 100 kg, the information minister said on Wednesday after a cabinet meeting chaired by Prime Minister Narendra Modi.
Higher prices will encourage farmers to boost output in the world's second-biggest rice producer and bountiful harvests could encourage the government to relax a ban on exports.
(Reporting by Mayank Bhardwaj Editing by David Goodman )
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