Print Edition - 2014-07-03 | MONEY
Seasonal veggie prices drop on improved supply
Jul 2, 2014-
Prices of seasonal vegetables in the Kathmandu valley have dropped significantly due to an increase in supplies. According to the Kalimati Fruits and Vegetable Market Development Board (KFVMDB), the largest wholesale market of vegetable in the valley, prices of major seasonal vegetable items have fallen 10 to 59 percent in one month.
Tomato, which was selling for Rs 27 per kg a month ago, now costs Rs 18 per kg in the wholesale market. Prices of cauliflower dropped to Rs 30 per kg from Rs 52 per kg last month, while cow pea is sold for Rs 31 per kg compared to Rs 53 earlier. Cabbage dropped to Rs 24 per kg from Rs 33 per kg and French bean plunged to Rs 32 per kg from Rs 44 per kg.
Ujjwal Karki, a wholesaler at the Kalimati market, said that farmers from Dhading, Kavre, Makwanpur, Chitwan, Parsa and Sarlahi districts had been supplying enough seasonal vegetables in the market which led to a decline in prices. “Prices are expected to fall further,” he added.
According to the KFVMDB, the market has been receiving an average of 750 tonnes of vegetables daily against 650 tonnes a month ago. The Kathmandu valley’s daily requirement of vegetables is estimated to be around 1,000 tonnes. More than 70 percent of the demand is fulfilled by the Kalimati market, followed by Balkhu Fruits and Vegetables Market.
“The supply of vegetables in the Kalimati market has increased significantly resulting in a huge drop in prices,” said Manoj Dhital, planning officer at the KFVMDB.
However, prices of potato and onion have been rising continuously over the month. Onion prices have jumped 50 percent to Rs 45 per kg while potato prices surged 32 percent to Rs 41 per kg in the wholesale market.
According to traders, the hike in prices of potato and onion might continue indefinitely as shipments from India have dropped and prices there are still high. The Maximum Export Price fixed by the Indian government has also affected prices in the domestic market, said traders.
Meanwhile, retail prices have also come down over the month. Tomato costs Rs 28 per kg against Rs 35 per kg earlier while cauliflower is being sold at Rs 48 per kg against Rs 65 per kg last month. Bitter gourd, which was selling for Rs 38 per kg earlier, has dropped to Rs 28 per kg in the retail market.
Likewise, prices of pointed gourd came down to Rs 43 from Rs 48 per kg and smooth gourd fell to Rs 33 per kg from Rs 48 per kg. Bottle gourd, which was being sold at Rs 48 per kg last month, now costs Rs 33 per kg in the retail market.
Published: 03-07-2014 09:19