Print Edition - 2014-11-28 | MONEY
Prices of pulses soar with global trends
Nov 27, 2014-
Pigeon pea, yellow lentil, black lentil and mung bean have become dearer by up to Rs 30 per kg. Traders said rising prices of pulses in the international market and India had affected the domestic market.
Retail prices of mung bean rose to Rs 200 per kg from Rs 170 three months ago. Similarly, pigeon pea has increased to Rs 140 per kg from Rs 125 while yellow lentil costs Rs 135 per kg, up from Rs 120. Black lentil became dearer by Rs 10 and now costs Rs 140 per kg.
“Prices have swelled in the international market. As we have to import pulses from India and third countries, rising prices are reflected here,” said Pabitra Bajracharya, president of the Nepal Retailers Association. According to Indian media reports, a delayed monsoon during the sowing season affected crops in India leading to a fall in output.
This is the second increase in prices of pulses in three months. In August, traders hiked prices by up to Rs 15 per kg citing the government’s decision to raise taxes on imported rice and pulses.
The government had raised the agriculture development tax on imported rice, pulses and wheat flour to 8 percent from 5 percent in a bid to protect domestic producers from highly subsidized Indian grain.
The country has to depend on imports for various pulses due to the low local production. Although yellow lentil is the common variety grown in Nepal, the output is not sufficient to fulfil domestic requirement. Pulses like mung bean and pigeon pea are imported from Australia, Canada and the US. Meanwhile, prices of spices like fenugreek seed, red chilli, turmeric powder and coriander seed have also gone up. Fenugreek seed now costs Rs 150 per kg. Red chilli has risen to Rs 275 per kg from Rs 250 and coriander seed has increased to Rs 260. Likewise, turmeric powder is being sold at Rs 200 per kg, up from Rs 150 a month ago.
Published: 28-11-2014 09:35