Black-marketing of onion, One kilogram costs Rs. 120 in wholesale

Following a ban on the export of onion by the government of India, its price has skyrocketed in Nepal in the last two days. The Indian government has imposed a ban on the export of onion since Monday after its price increased in India due to short supply. According to Kalimati Fruits and Vegetable Market Development Board (KFVMDB), wholesale price of onion jumped to Rs. 120 per kilogram on Wednesday while it was only Rs. 60 on Monday. It shows that the price of onion doubled just in two days.

'Sale of 281 kg gold in lockdown unnatural'

The banks had about 381 kilograms of gold in their stock four days before the government imposed the nationwide lockdown. Now, six months after that, they said they have only 150 kilograms of gold in their stock. In the meantime, the banks imported around 50 kilograms of gold last week. This means that 281 kilograms of gold was traded in Nepal in about six months. But, in regard to the figures of the banks, the gold traders argue that there was no business of gold during the period due to the four-month...

Market in Kathmandu opens only partially

With the relaxation of the prohibition order, businesses and shops in the Kathmandu Valley were opened only partially on Thursday. People’s movement in the market has begun although only a few traders have opened their shops following the decision of the District Administration Offices of the three districts in the Kathmandu Valley to allow the businesses to open, said Naresh Katwal, president of Nepal National Traders’ Federation. Chief District Officers of Kathmandu, Bhaktapur, and Lalitpur...

After fertiliser muddle, sugar shortage likely to hit festival season

The country is currently reeling under severe shortage of chemical fertilisers in high crop cultivation season, but the Nepalis may experience a similar shortage of sugar during Dashain and Tihar. The shortage of sugar is already felt in the market which has spiked its price up to Rs. 95 per kg from Rs. 78 a few weeks ago. Sugar is a much sought-after item during the festivals, especially in Tihar. Shortage of sugar and price hike in the sweetener at the festival season has been a recurring problem...

Prohibition leads to 80% drop in chicken consumption; price falls by 40 per cent

The price of chicken has dropped sharply in the market over the last weeks owing to low demand against its supply. The retail price of chickens has dropped to Rs. 240 per kilogram in the market following the decline in its demand after the implementation of prohibition order in various places across the country, said Junga Bahadur BC, president of National Chicken Sellers Association.

Layers of middlemen, poor monitoring make goods dearer

Consumers in Nepal hardly experience a visible change in their daily life despite the government's claim that it has been monitoring the market to control the anomalies of all kinds. They find cheated almost everywhere; they are hardly given a receipt and the price of the same item varies from one shop to another.

Gold price crosses Rs. 100,000 per tola

Price of the precious yellow metal has set a new record on Wednesday with the price of a tola of gold reaching Rs. 101,400 in the domestic market.  The price increased by Rs. 1,600 per tola (11.66 grams) to Rs. 101,400 today while it was traded at Rs. 99,800 per tola on Tuesday. Likewise, price of silver reached Rs. 1,295 per tola on Wednesday. A significant rise in the gold price in the international market has con

Sugar price jumps unnaturally, a kilogram reaches above Rs. 90

However, public enterprise Salt Trading Corporation (STC) is selling sugar at Rs. 73 per kilogram from its outlets.

Panauti Municipality unveils schemes on livestock, agriculture

The municipality has allocated about Rs. 58.01 million for conducting various agricultural and livestock promotional programmes for the coming fiscal year.

Locusts flying in Nepal are not risky, but remain alert: Ministry

Ministry of Agriculture and Livestock Development Sunday said that there was no need to panic about the locusts which had entered Nepal as they were in small groups. “Based on the reports received from the local and state governments, the locusts which entered Nepal Saturday are only in small groups and they cannot cause huge losses to the agriculture sector. So, there is no need to worry now, but we need to stay alert,” said Dr. Hari Bahadur KC, spokesman at the ministry, at a press conference...