Government Fixes Support Price of Wheat at Rs 3,650 Per Quintal
December 29, 2023 | Investopaper
The government has fixed the support price of wheat for the current fiscal year. The recent cabinet decision has fixed the price at Rs 3,650 per quintal for the fiscal year 2080/81. This year, the price has increased by Rs 299 per quintal as compared to the previous year.
In the previous fiscal year 2079/80, the support price of wheat was fixed at Rs. 3,351 per quintal. Likewise, for the fiscal year 2078/79, the support price of wheat was Rs. 3,111 per quintal. Similarly, for the fiscal year 2077/78, the government had fixed the support price of wheat at Rs 3,015 per quintal.
On the recommendation of the Ministry of Agriculture and Livestock Development, the Ministry of Industry, Commerce and Supplies had submitted a proposal to the Council of Ministers to fix the support price of wheat.
Nepal produces about 2 million tons of wheat annually.
