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Market Watch 45 September 2012
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Prices of most commodities regularly monitored by MoAD and WFP showed an upward trend over the past one month.Retail prices of staple foods such as coarse rice and wheat flour increased by 3.6 percent to Rs. 37.0 and by 4.9 percent to Rs. 37.6 per kilo respectively. Likewise, prices of blackgram and broken lentil went up by 1.2 percent to Rs. 109.1 and by 2.2 percent to Rs. 104.2 per kilo respectively. The price of soybean oil climbed up by 3.2 percent to Rs. 152.5 per liter, while that of red potato increased by 3.1 percent to Rs. 38.4 per kilo. Prices as compared to June 2012 and September 2011 showed an upward trend for most commodities. The regional market trend is somewhat similar to the national trend. The highest increase of prices such as wheat flour is observed in the hill and mountain markets with road access (7.0 percent), followed by Terai markets. The largest increase of coarse rice price is noticed in Biratnagar (13.0 percent), Jumla (11.1 percent) and Dhangadhi (10.7 percent). This may be attributed to a high demand in the hill and mountain markets for upcoming festivals. Wholesale prices monitored by FNCCI/AEC in five large markets (Birtamode, Kathmandu, Butwal, Surkhet and Dhangadhi) showed a mixed trend over the past one month: vegetable prices in Kalimati Fruits and Vegetables market shows high fluctuations as the commodities are perishable in nature. Prices of vegetables like cauliflower, cucumber and spinach increased by more than 12 percent, while that of cabbage, French bean and pumpkin declined by more than 10 percent over the past one month. The year-on-year inflation released by the Nepal Rastra Bank increased by 11.9 percent compared to 7.7 percent, while the price index of food and beverage increased by 12.2 percent compared to an increase of 9.9 percent over the same period last year. The price index of cereal grain sub-group showed 5.8 percent increase compared to 1.2 percent over the same period last year. The price index of transport also increased by the highest rate of 14.2 percent as compared to 12.2 percent over the same period last year.
#MarketWatch #NationalMarketDevelopment
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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:
COMMODITY MARKETS, MARKET STABILIZATION, NATIONAL MARKET DEVELOPMENT, REGIONAL ECONOMIC, REGIONAL MARKETS,PRICE INFLATION, CROP PRODUCTION, RURAL SOCIOLOGY, FOOD SECURITY, FOOD SUPPLY, FOOD PRODUCTION, SUMMER CROP, FESTIVALS,PRICE STABILITY, AGRICULTURAL POLICY, PRICE DISCRIMINATION
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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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