The Ministry of Agriculture and Livestock Development has proposed a new minimum support price for wheat for the current fiscal year and submitted the recommendation to the Ministry of Industry, Commerce and Supplies. Department of Agriculture Director General Prakash Kumar Sanjel said the proposal was based on studies conducted in 10 districts examining production costs, inflation and market conditions. In fiscal year 2024/25, the minimum price was set at Rs 3,867 per quintal, an increase from Rs 3,650 the previous year. Information Officer Mahananda Joshi said the official price will be announced after Cabinet approval, and procurement will be carried out through the Food Management and Trading Company to ensure farmers receive fair compensation.
