Stories Tagged 'Minimum support price (msp)'
Farmers in the far western region of Kailali are not a happy lot this year. Despite the government fixing paddy’s minimum support price (MSP) for this year, farmers allege that prices are being controlled by private traders because the state-owned Nepal Food Corporation (NFC) has not procured their produce.
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The Cabinet has approved the minimum support price (MSP) of paddy for this fiscal year. This is the first time in three years that the government has announced the MSP before the end of the transplanting season.
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The minimum support price (MSP) for common paddy has been raised to Rs2,460.57 per quintal from Rs2,438. Similarly, the floor price for ‘mota dhan’ has been pushed up to Rs2,331.22 per quintal from Rs2,247.
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agriculture
The government is likely to resume the policy of fixing the minimum support price (MSP) for paddy in order to assure farmers a floor price for their produce.
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