Fiscal Nepal
First Business News Portal in English from Nepal
KATHMANDU: The government has fixed the support price of paddy. According to the Ministry of Agriculture and Livestock Development, the support price was fixed at the cabinet meeting held on September 14.
According to the ministry, the price of coarse paddy has been fixed at Rs 2,752 per quintal and medium variety at Rs 2,902 per quintal for the current fiscal year. According to the joint secretary and spokesperson of the ministry Prakash Sanjel, the new support price is Rs 17 per quintal more than last year. The government had fixed the support price of paddy before planting Asare paddy last year.
Last year, coarse paddy was priced at Rs 2,735 per quintal and medium variety paddy at Rs 2,885 per quintal.
The government has been fixing the minimum support price of a coarse and medium variety of paddy every year arguing that the entrepreneurs will buy paddy at an arbitrary price if the price is not fixed on time. Sugar stock up to three months The Department of Commerce, Supplies and Consumer Protection has stated that the required amount of sugar is available for the festival.
The department has stated that there is now stock enough for three months. The department has issued a notice today urging the consumers not to be concerned as there is sufficient stock of sugar in the market.
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