News

India offers support prices for corn, cotton and pulses to protesting farmers

Cotton Fruit
Others
India
Market & Price Trends
Innovation & Technology
Published Feb 20, 2024

Tridge summary

The Indian government has proposed guaranteed support prices for pulses, maize, and cotton to address ongoing farmer protests. The proposal includes five-year minimum support price agreements for farmers who diversify their crops. However, the government has been criticized by farmers' unions and agricultural analysts for not addressing key demands, such as a legal guarantee for support prices. The farmers, demanding higher legally-backed prices for nearly two dozen products, were halted on their march to New Delhi by security forces using tear gas and barricades.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

AMBALA, India (Reuters) - India's government has offered guaranteed support prices for pulses, maize and cotton in a bid to break a deadlock with protesting farmers, Commerce Minister Piyush Goyal said, following week-long clashes between security forces and protesters. Tear gas and barricades were used to detain farmers, who form an influential voting bloc, months before a general election expected in May in which Prime Minister Narendra Modi will seek a third term. Sunday's comments came after marathon talks with farmers' unions after the protesters, who are demanding higher legally-backed prices for nearly two dozen products, were stopped on their march at a distance of about 200 km. from the capital, New Delhi. Goyal said the government has proposed five-year agreements for minimum support prices for farmers who diversify their crops to grow cotton, pigeonpea, black matpe, red lentils and maize, which will be paid by government-promoted cooperatives. "These organizations will ...
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.