Government Sets Minimum Support Price For Coffee
November 19, 2020 | Investopaper
The government has set a minimum support price for coffee. The National Tea and Coffee Development Board under the Ministry of Agriculture and Livestock Development has fixed the minimum support price for fresh and prepared coffee produced in the country. The board has stated that the price has been fixed by adding 22.5 percent profit to the cost of coffee production. The support price is fixed at Rs 90 per kg for A grade and Rs 80 per kg for B grade.
Parchment processed coffee is priced at Rs 450 per kg for A grade and Rs 397 per kg for B grade. The price of unprocessed B-grade coffee has been fixed at Rs 148 per kg and B-grade coffee at Rs 95 per kg. The price of A-grade cherries has been increased by Rs 5 per kg and processed A-grade coffee by Rs 25 as compared to last year. Coffee is cultivated in 43 districts of Nepal. Arabic coffee is grown in most areas.
266 tonnes of coffee worth Rs 11.88 crores was imported to Nepal last year. Similarly, 46.89 tonnes of coffee worth Rs 5.77 crores was exported from Nepal.
