Food
prices are likely to remain stable or increase in December with the start of
the off-season for most cereal crops, according to a report.
Prices
of imported commodities are expected to remain high or increase due to the
appreciation of the US Dollar against the Nepali Rupee, said the Market Warch
jointly produced by the World Food Programme, Nepal; Department of Agriculture,
Agribusiness Promotion and Marketing Development Directorate; Federation of Nepalese Chamber
of Commerce and Industries/Agro Enterprise Centre and Consumer's Interest
Protection Forum.
"The
overall summer crop production in 2013 is expected to be better compared to
last year," it said, adding that it will help to enhance the country's
national food balance in the current fiscal year 2013-14.
However,
chicken became the most expensive in November, as the price increased by 12.4
per cent on month-on-month basis. Likewise, the retail prices of most of the food
commodities like wheat flour and red potato also increased by three per cent
and 8.2 per cent, whereas black gram and broken lentil price went up by 0.1 per
cent and 0.6 per cent, respectively. Coarse rice price, but declined by two per
cent due to the increased supply from the recent harvest.
Compared
to three months earlier, the price of coarse rice, wheat flour, red
potato
and chicken meat showed an upward trend, while the price of pulses and edible
oils showed a downward trend, it added. "However, compared to the same
period last year, the price of most food commodities, except edible oils, showed
an upward trend.
Price trends in regional markets followed the
national trend, with an upward trend in the price of wheat flour and broken
lentil and a declining trend of the price of coarse rice, the monthly report
added.
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