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Paddy procurement price fixed


The Nepal Food Corporation (NFC) has fixed the procurement price for common paddy for the Western Nepal zone. Paddy will be bought at Rs 565 per quintal from Rajapur, Rs 575 per quintal from Nepalgunj, and Rs 600 per quintal from Dhangadi. No procurement price has yet been fixed for Mahendranagar.

The NFC's rates are slightly higher than the prevailing market price. The influx of cheaper Indian rice this year has lowered the price of local paddy, and farmers hoped that the government's support prices would offset their losses. But the NFC will probably only procure around six thousand tons of paddy and so not all farmers from Western Nepal will benefit from the new procurement prices. The prices are set by a paddy/rice procurement committee under the supervision of the chief district officers of the concerned districts.


LATEST ISSUE
638
(11 JAN 2013 - 17 JAN 2013)


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