In the retail markets regularly monitored by MoAD and WFP,most prices showed slightly an upward trend over the past one month. The national average price of coarse rice increased by 1.9 percent to Rs. 34.2 per kilo, while the price of wheat flour slightly declined by 0.4 percent to Rs. 35.9 per kilo. Prices of pulses such as black gram and broken lentil went up by 0.1 percent and by 3.5 percent to Rs.109.2 and Rs. 94.6 per kilo respectively. Likewise, prices of soybean oil and red potato climbed up by 1.4 percent and 1.7 percent to Rs. 144.5 per liter and Rs. 34.8 per kilo respectively. Prices compared to March 2012 showed an upward trend, while compared to June 2011, most prices indicated a declining trend with few exceptions of red potato and soybean oil. Prices in the regional markets also showed the trend similar that of the national trend. The price of coarse rice indicated an upward trend, while that of wheat flour showed a declining trend in all markets. However, compared to June 2011, most prices showed mixed trend. Wholesale prices regularly monitored by FNCCI/AEC in the five large markets (Birtamode, Kathmandu, Butwal, Surkhet and Dhangadhi) indicated an upward trend of coarse rice and black gram while that of edible oils such as soybean oil and mustard oil showed a declining trend over the past one month. Nepal Oil Cooperation (NOC) has again increased the price of diesel and kerosene oil by Rs.4.0 to Rs.93.0 per liter. Such a continuous increase in fuel prices is a major concern for food security due to its likely contribution to the rise of transport costs, thereby raising food prices. The latest macroeconomic situation report released by Nepal Rastra Bank showed the year-on-year inflation at 8.7 percent in mid-May 2012 as compared to 9.5 percent over the same period last year. The price index of food & beverage increased by 7.1 compared to 16.0 percent, while the price index of cereal grains increased only by 1.9 percent as compared to 13.5 percent. However, the price index of transport increased by 18.0 percent compared to 10.1 percent increase over the same period last year.
#MarketWatch #NOC #EconomicPolicy
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Publisher:
WFP, MOAD, FNCCI/ AEC, CIPF
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(2012
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Type / Script:
Bulletin or Poster
in English
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Keywords:
MACROECONOMICS, ECONOMIC POLICY, COMMODITY MARKET, MARKET STABILIZATION, NATIONAL MARKET DEVELOPMENT, REGIONAL ECONOMICS, REGIONAL MARKET, PRICE INFLATION, CROP PRODUCTION, RURAL SOCIOLOGY, FOOD SECURITY, FOOD SUPPLY, RAINWATER, SUMMER CROP
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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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