Government of Nepal fixes floor price of sugarcane at Rs 540 per quintal this year, an increase of Rs 20 per quintal

Published 2023년 1월 19일

Tridge summary

The government of Nepal has set the minimum support price for sugarcane at Rs 540 per quintal for the 2023 season, which is an increase of Rs 20 from the previous year. In addition to this, farmers will also receive a transport subsidy of Rs 70 per quintal. Despite these measures, farmers are still unsatisfied and have demanded that the government raise the floor price to at least Rs 700 per quintal. The government's decision to set a floor price for sugarcane in 2018 was aimed at resolving conflicts between farmers and sugar producers, but issues with payment and subsidy delivery persist.

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Original content

Farmers are not happy with the revised price KATHMANDU, Jan 19: The government has fixed the minimum support price of sugarcane at Rs 540 per quintal, which is Rs 20 more than the floor price set for the last fiscal year. A Cabinet meeting held on Wednesday decided to revise the floor price for the sugarcane producing farmers. The Cabinet took the decision on the recommendation of the Ministry of Agriculture and Livestock Development (MoALD) and the Ministry of Industry, Commerce and Supplies. Speaking at a press meet, Deputy Prime Minister and Finance Minister Bishnu Prasad Paudel said the government in addition will be providing transport subsidies of Rs 70 per quintal to the farmers. Last year, the government fixed the minimum support price of sugarcane at Rs 520 per quintal and an additional Rs 70 in transport subsidy. From 2018, the government started fixing the floor price of sugarcane in a bid to end the constant confrontation between sugarcane farmers and sugar producers. ...

Source: Nagariknetwork