header banner

Prices of fruits plummet despite higher demand

alt=
By No Author
KATHMANDU, March 6: As the summer approaches better supply of fruits inside the capital has pushed down prices by as much as 30 per cent in the domestice markets, Nepal Fruit Wholesale Association (NFWA) said Tuesday.



NFWA, a government authority overseeing management of fruit market, said the capital was receiving as much as 190 tons of of fruits a day at two wholesale markets, about 90 tons more than the normal demand for supply, thereby pushing prices down. [break]



It said prices dropped between of Rs 5 to Rs 25 per kg for apple, black grapes, green grapes, sweet orange, orange, sugar cane, pomegranates, water melon, papaya and banana among others.



On Tuesday, black grapes was priced at Rs 130 per kg whereas a week ago it was Rs 150 per kg, and green grapes was priced Rs 90 per kg, down from Rs 120 a week ago. Small and big apples fell by Rs 15 per kg from last week´s price of Rs 180 and Rs 95 per kg respectively.



Arjun Parsad, a trader at Nepal Fruits Wholesale Market at Balkhu, said the fall in prices came despite increased demands of fruits as the summer approaches.



Fruit retailer at Koteshwor market Sita Adhikari, said part of the reason was fall in prices in international market, and Nepal depended on India and China for supplies.



Related story

Oil giant Saudi Aramco says quarterly profits up as crude price...

Related Stories
ECONOMY

NOC is still at a Rs 50 billion loss.  Who is then...

NOC__20200228093622.jpg
ECONOMY

Transportation blamed for inflated vegetable, frui...

Kalimati--press-conference.jpg
Business & Economy

Shopping for fruits and vegetables? Check today’s...

Kalimati-fruits-and-vegetables-market.jpg
ECONOMY

General public concerned over soaring food prices,...

1697955711_sarbasadharan-1200x560_20231022124740.jpg
WORLD

Global energy costs this year to hit highest since...

the world bank.jpg