Indian farmers reject minimum price offered by government

Maize (Corn)

Published Feb 20, 2024

Tridge summary

Indian farmer unions have rejected a government proposal for five-year minimum price contracts for pulses, maize, and cotton. The proposal was an attempt to quell ongoing farmer protests demanding higher, legally-backed prices for nearly two dozen products. Critics argue the government has ignored the farmers' demands by not providing a legal guarantee for Minimum Support Prices (MSPs), even for farmers who diversify and produce cotton.

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) - Indian farmer unions have rejected a proposal from the country's government for five-year minimum price contracts, one of their leaders said in a video posted on the social network X on Monday. The Indian government has offered guaranteed minimum prices for pulses, maize and cotton in a bid to end a standoff with protesting farmers, Commerce Minister Piyush Goyal said on Sunday, after a week of clashes between security forces and protesters. Tear gas shells and barricades were used to deter farmers, who form an influential voting bloc, months before a general election scheduled for May in which Prime Minister Narendra Modi will seek an unprecedented third term. Goyal's comments came after marathon negotiations with farmer unions after protesters, who are demanding higher legally-backed prices for nearly two dozen products, were stranded approximately 200 kms from New Delhi. Goyal said the government has proposed five-year contracts for minimum prices to ...

Source: NoticiasAgricolas