Print Edition - 2014-10-09 | MONEY
Veggie prices drop as festive demand eases
Oct 8, 2014-
Wholesale prices of most vegetables have dropped in the Kathmandu valley due to increased supply after the end of the Dashain festival. Major vegetable markets like Kalimati, Balkhu, Tukucha Bazaar and New Baneshwor all have reported a rise in supply.
Cauliflower is being sold at Rs 40-46 per kg compared to Rs 70-75 per kg a week ago in the wholesale markets of the valley. Similarly, tomato has slipped to Rs 33-35 per kg from 68-70 per kg. Bitter gourd, which was being sold at Rs 53-55 per kg now costs Rs 35-40 per kg in the wholesale market. Ladies finger now costs Rs 42-45, down from Rs 53-55 a week ago.
Wholesale prices of bottle gourd have dropped to Rs 20-23 per kg from Rs 38-40, while smooth gourd costs Rs 45-48 per kg compared to Rs 57-60 per kg before.
Likewise, carrot is being sold at Rs 70-77 per kg, down from Rs 87-90, while egg plant is being sold at Rs 30-33 per kg, down from Rs 38-40 per kg. French bean has dropped to Rs 40-42 per kg.
“With the end of the Dashain festival, demand has slackened, and the market is receiving increased supply that led to prices dropping,” said Shyam Lamichhane, manager of Balkhu Agriculture, Vegetables and Fruits. He added that prices were likely to decrease further in the coming days due to the abundant supply. “Heavy rains in some parts of the country had affected the supply till last week,” he said. “Now new harvests will arrive in the market without any hurdles.”
Traders said the market had been receiving plenty of vegetables from Dhading, Kavre, Makwanpur and Kalaiya districts. Some quantities of bottle gourd, tomato, bitter gourd and ladies finger are being imported from India, traders said.
A wholesaler at the Kalimati Fruits and Vegetables Wholesale Market said, “We are witnessing low demand from retailers as many people who left the valley for the festival have not returned yet.” He said that prices could go up in a few days with an increase in demand.
However, local retailers have not been passing on the drop in prices to customers. They are still selling the vegetables at the previous rates.
On Wednesday, retailers at Ratopool were selling cauliflower for Rs 70-75 per kg. Similarly, tomato was being sold for Rs 60-70 per kg, and cabbage still costs Rs 40-50 per kg in the retail market.
Published: 09-10-2014 09:30