The government has fixed the minimum support price for wheat at Rs 4,107 per quintal for the fiscal year 2083/84. The decision was made during a Cabinet meeting held on Friday.

Rs 162 Increase from Last Fiscal Year

For fiscal year 2082/83, the minimum support price for wheat was set at Rs 3,945 per quintal. The new rate represents an increase of Rs 162 per quintal, equivalent to approximately 4.1% compared with the previous fiscal year.

Price Set Under Government Guidelines

Announcing the Cabinet decisions, Information and Communications Minister Dr. Bikram Timilsina stated that the new price was determined in accordance with the Minimum Support Price and Minimum Purchase Price Determination Directive, 2082.

Expected to Support Wheat Farmers

The minimum support price is intended to protect farmers when market prices for agricultural products fall significantly. The increase in the wheat support price is expected to help farmers receive a fairer price for their produce.