On Wednesday, the government hiked the minimum support price (MSP) of paddy by Rs 100 to Rs 2,040 per quintal for 2022-23. In addition, CCEA approved an increase in MSP for 14 Kharif crops for the 2022-23 crop year. As a result, the support price of the ‘A’ grade variety of paddy has been hiked to Rs 2,060 per quintal from Rs 1,960.

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