In January 2015, retail prices of most food commodities monitored across the country showed a mixed trend. On a month- on-month basis, the retail price of coarse rice declined by 1.1 percent, while that of wheat flour remained relatively stable. Prices of black gram and broken lentil increased by 3.4 and 0.3 percent respectively. Likewise, prices of soybean oil and mustard oil went up by 1.3 and 1.5 percent respectively. However, the price of red potato went down sharply by 13.8 percent, while that of chicken meat marginally increased by 2.8 percent. Compared to three months earlier, most prices showed a declining trend with the exception of pulses (broken lentil and black gram). However, compared to the same period last year, most prices showed an upward trend (with the exception of soybean oil and chicken meat). Overall, the price of most commodities over the past 12 months, as shown in Figure 1, showed an upward trend with expected seasonal fluctuations (with the exception of red potato). Prices in regional markets (see Figure 2) showed somewhat different trends than national averages, with an upward trend for coarse rice in the mountain and hill markets with road access and stable prices in the major consumer markets of Kathmandu and Pokhara. The price of wheat flour showed similar trends. However, the price of broken lentil showed an upward trend (except in the major consumer markets). Wholesale prices regularly monitored by FNCCI/AEC in the five large markets of Birtamod, Kathmandu, Butwal, Surkhet and Dhangadhi showed an upward trend with the exception of the price of coarse rice over the past one month. As shown in Table 1, wholesale prices monitored in the Kalimati Fruits and Vegetables Market showed a high seasonal fluctuation: prices of bitter gourd, pointed gourd, brinjal, okra and pumpkin increased by more than 15 percent due to a reduction in supply, while that of cabbage, cauliflower, radish, broad leaf mustard and dry onion decreased by more than 10 percent month-on-month. In January 2015, the overall consumer price index (CPI) released by Nepal Rastra Bank was 211.2, a decrease of 0.6 percent month-on-month. The inflation rate, as measured by the year-on-year increase in the CPI, was 6.8 percent. The food and beverage group of the CPI was 257.3, a decrease of 3.1 percent month-on-month, but an increase of 9.0 percent year-on-year; several sub-groups showed higher year-on-year increases: milk products and egg (17.4 percent), legume varieties (13.7 percent), spices (11.1 percent) and fruits (10.8 percent). The non-food and services group of the CPI was 177.8, an increase of 1.7 percent month-on-month and 5.1 percent year-on-year.
#MarketWatch #CropProduction #PriceStabilization #FoodSecurity
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Publisher:
WFP, MOAD, FNCCI/ AEC, CIPF
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(2015
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Type / Script:
Bulletin or Poster
in English
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Keywords:
CROP PRODUCTION, MARKET STABILIZATION, PRICE STABILIZATION, FOOD SECURITY, FOOD SUPPLY, REGIONAL MARKET, RUEAL MARKET, RURAL SOCIOLOGY,COMMODITIES CONTROL, PRICE INFLATION,SEASONAL CROPS, PRICE CONTROL, WHOLESALE PRICE
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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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