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Market Watch 28 July 2008
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he Government of Nepal announced an increase in fuel prices up to 27% on June
10. Current prices are shown in Table 1. Despite fuel price increases, the Nepal Oil
Corporation (NOC) is still suffering losses of NRs 1.5 billion per month (compared to
NRs.2.62 billion prior to the price increase). As a consequence, fuel supplies
are very low and unable to meet current demand. This is seriously affecting the
April 30 Kathmandu Rupandehi districts in the Far West including Accham, Doti, Bajura and Bajhang, was not able to supply its consumers due to market May 15 May 30 Dhanusha Kailali June 15 June 30 Bajura July 15 Kalikot Achham Chart 2 - Lentil prices closure and depleted stocks. Transport of Lentil prices (broken lentil/musuro) goods to districts in the Karnali has been 90 hindered because monsoon rains have 85 made much of the Karnali highway un- 80 mortorable beyond Ramaghat in Dailekh. This is likely to worsen the food supply litre 25.00 Hills and Mountains were affected by a 12- Petrol Kerosene 30.00 75 ,70 situation in the Karnali region. 65 transportation sector as well as WFP’s POLICY RESPONSES humanitarian deliveries. The Government announced a rise in publiC transportation fares by 25%. Since then, there have been sporadic protests. This has in turn affected the transport of goods, creating further upward pressure on prices of all commodities including food items. It is widely believed that the syndicate system used by transport associations complicates the movement of goods, resulting in very high transportation costs.As a result, there have been disputes between the transporters, traders and consumers. Negotiations are going to resolve this issue.
#MarketWatch #WFP #MOAC #FNCCI #CIPF
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Publisher:
WFP, MOAC, FNCCI, CIPF
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(2008
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Type / Script:
Bulletin or Poster
in English
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Keywords:
FOOD, FOOD SECURITY, FUELS, SITUATION, PRICES, INFLATION, PRICE CONTROLS, SUPPLY, COSTS, FOOD PRICES, PRICE INCREASE,MARKET
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Thematic Group:
WFP
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Food and Emergency humanitarian logistict support
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Thesaurus:
04.01.01
- Agricultural Economics And Policy; Rural Sociology
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Reference Link:
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