United Nations
Information Centre | Nepal
Market Watch 21 January 2010
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The price of staple food items generally remained stable across Nepal this month. In the markets regularly monitored by WFP and MoAC the average price of coarse rice in December was Npr 32 per kilo (down 3 percent compared to last month) and the national average wheat price was Npr 35 per kilo (up 1 percent compared to last month). Grain prices are relatively stable due to the recent summer harvest which has helped re-stock local markets. However, the summer harvest was too weak to significantly reduce prices as would normally be expected . National food price inflation still remains of significant concern. Compared to 12 months ago the price of black-gram is up by 44 percent, wheat flour by 25 percent, musuro (broken lentil) by 25 percent and coarse rice by 14 percent. Thus it is likely that official year-on-year CPI inflation figures released by the Nepal Rastra Bank could rise again next month. Common cooking oils are the only commodities which have not significantly increased during the past 12 months. The recent harvest of potato has resulted in a significant decrease in potato prices; which are down by around 17 percent across the country compared to December. However, the national average price of potato is still 15 Npr/kg higher than last year. An outbreak of bird flu has occurred in Pokhara. A Rapid Response Team (RRT) has been deployed for close surveillance. It has been reported that 10,000 chickens, ducks and other birds in the area could be culled to prevent the spread of the disease. MoAC is also considering to ban transportation of poultry products to and from the affected area. This might cause an initial steep demand drop, and then a steep increase in prices – dependent on the number of animals culled and the overall damage to the poultry market. Though the cardamon production in the Eastern districts of Taplejung, Sankhuwasabha etc is reportedly down by 30-40% compared to last year, these districts have benefited from increase in its price from about Npr. 175 per kg last year to about Npr 400-450 per kg this year.

#MarketWatch #ConsumerPriceInflation #FoodSEcurity #FoodPrices #Production
Publisher:
WFP, MOAC, FNCCI/ AEC, CIPF ,   (2010 )
Type / Script:
Bulletin or Poster in English
Keywords:
CONSUMER PRICE INFLATION, SUMMER CROPHARVEST, FOOD SECURITY MONITORING SYATEM, TRADE, NATIONAL MARKET DEVELOPMENT, LAGGEST INCREASE, PRICE CHANGE, MARKET, SUPPLY, PARICE, DECREASE IN PRICE, COMMODITIES, PRODUCTION, FOOD PRICES
Thematic Group:
 WFP : Food and Emergency humanitarian logistict support
Thesaurus:
02.02.00  -  Economic Conditions
Reference Link:
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