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Paddy prices staging modest recovery after hitting rock bottom

Exporters hopeful of Iran market improving next year

Lush green paddy fields of the Kaveri delta
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Lush green paddy fields of the Kaveri delta

Virendra Singh Rawat Lucknow
The domestic paddy prices are staging a modest recovery in the current procurement season after hitting rock bottom levels not long ago coupled with a rugged export market scenario.

A combination of factors have been suggested for the slow yet firm recovery in the paddy prices in the coming weeks, including significant crop loss due to flood induced inundation apart from the recent cyclone in some of the key paddy growing areas.

Besides, the paddy prices are gaining traction owing to the higher minimum support price (MSP) announced by the Centre for the current season 2019-20.

“The paddy price situation

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