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Indian gov’t raises crops’ procurement prices

NEW DELHI, June 7 (Xinhua) — The Indian government on Wednesday announced a hike in the Minimum Support Prices (MSP) for all mandated “Kharif” crops, which are sown in June and harvested in October, for the 2023-24 marketing season.

MSPs are the guaranteed prices fixed by the federal government for procuring farmers’ crops. It is an initiative of the Indian government to protect the farmers against any steep fa