11/08/04, NEW DELHI (Dow Jones)--India's federal government lateTuesday increased the intervention price of summer-sown crops, such asrice and oilseeds, according to local news agency Press trust of India.India's federal government announces the intervention price of thesummer-sown crop in August, while the intervention price of thewinter-sown crop is announced in January.The intervention price of rice has been increased by 100 rupees($1=INR46.36) a metric ton to INR5,600/ton from INR5,500/ton in 2003.The intervention price of yellow soybeans has been increased byINR700/ton to INR10,000/ton, while black soybean intervention prices havebeen increased INR600/ton to INR9,000/ton.India's federal government intervenes in the open market to buy riceand oilseeds if open market prices fall below the intervention price.Generally, the government only procures rice from the market, sinceoilseed prices are generally higher than the state-set interventionprices.India's summer-sown crop is sown in June and July and harvested inSeptember.