Print Edition - 2014-08-15 | MONEY
Vegetable prices dive on increased supplies
Aug 14, 2014-
Wholesale prices of most vegetables have dropped sharply in the Kathmandu valley over the last two weeks due to increased supplies. Prices have plunged by as much as 58 percent. Vegetable markets like Kalimati, Balkhu, Tukucha Bazaar and New Baneshwor all have reported a rise in shipments of farm produce.
Wholesale prices of cabbage dropped to Rs 14 from Rs 20 a week ago. Bitter gourd, which was sold at Rs 33 per kg two weeks ago, now costs Rs 21 per kg. Similarly, prices of cowpea has slipped to Rs 19 per kg from Rs 38 last week. French bean now costs Rs 20 per kg, down from Rs 48 per kg a week ago.
Ladies finger has dropped to Rs 12 per kg from Rs 24 while smooth gourd costs Rs 10 per kg compared to Rs 22 per kg before. Tomato big is being sold at Rs 38 per kg, down from Rs 47 while tomato small is being sold at Rs 26 per kg, down from Rs 34 per kg.
Onion prices have also decreased 6 percent due to increased shipments from India. The fruit now costs Rs 42 per kg against Rs 45 per kg previously in the wholesale market.
However, potato prices have surged over a week. Red and white potatoes now cost Rs 47 and Rs 35 per kg respectively against Rs 41 and Rs 32 a week ago.
Traders said that they had been receiving plenty of vegetables from across the country. “With increased production in many areas, farmers have been dispatching ample supplies since the last two weeks which led to prices taking a dive,” said Bharat Khatiwada, a wholesaler at the Kalimati Fruits and Vegetables Wholesale Market. “The farmers are concerned by the falling prices as they are not even breaking even.”
According to officials of the Kalimati Fruits and Vegetables Market Development Board (KFVMDB), the market has been receiving an average of 550 tonnes of vegetables daily. Similarly, the Balkhu Agriculture, Vegetables and Fruits Market has been receiving 450 tonnes against 400 tonnes a week ago.
Published: 15-08-2014 09:49