Nepal, March 30 -- The government has announced that it will begin the process of determining the minimum support price (MSP) for major food crops within 30 days. The plan is part of a set of one hundred governance reform programs approved by the Cabinet on March 27. The initiative aims to address the problem of farmers suffering losses due to uncontrolled market price fluctuations when minimum price protection for key agricultural products is absent.

To ensure fair returns for agricultural produce, the program also introduces a rule requiring buyers to settle payments for purchased farm products within a maximum of 25 days. If payments are not made within that period, buyers will be required to pay interest along with the delayed amoun...