NEFPORT ISSUE 49 – JUNE 2022
Agriculture and Livestock The delay in setting support prices of wheat has impacted the earnings of wheat cultivating farmers in the Terai region. The support price of crops is fixed by the government each year which protects the farmers from the inconsistent price set by the traders. The wheat farmers have faced losses due to delays in the announcement of support prices. Furthermore, the destruction of banana crops in Nijgadh due to storm has impacted 200 families. The Government of Nepal has signed deal with Government of India for the import of chemical fertilizer. The local level government in Raghuganga has taken initiative for the commercial cultivation of potatoes. Commercialization of apples in the Jumla district is also taking place with help from all three levels of government. PRODUCTION UPDATES Banana Crops were Destroyed in Nijgadh After the Storm The heavy storm on April 29 created havoc in nine wards of Nijgadh by destroying ready to harvest banana crops. The storm destroyed 150 bighas 139out of 1,200 bighas of total planted bananas.140 Farmers lost their banana crops when the market price of bananas reached a historic high. The storm has affected 200 families in Nijgadh by destroying banana crops worth NPR 50 million (USD 409.567 thousand). Banana cultivation had been receiving some traction in the area as many people were switching from beekeeping to banana cultivation. Cultivation of banana on a commercial scale has become popular even among
people who have returned from foreign employment. Nijgadh Municipality has started collecting data from all wards to create a relief package for farmers who do not have crop insurance. Potato Cultivation in Group Raghuganga rural municipality in Myagdi district is promoting potato farming in groups by providing seeds, fertilizers, and technical assistance. The municipality predicts that group potato farming would aid in the systematic transformation to commercial potato farming in this area. Each farmer's group has signed an agreement with the rural municipality to cultivate potatoes on at least 200 ropani141 of the land plot and has received a grant worth NPR 3 million
FACTSHEET Agriculture sector contribution to GDP Support Price of Sugarcane Support Price of Medium Paddy Support Price of Wheat Support Price of Coarse paddy Contribution of Food Crop out of total agricultural production Contribution of Vegetables out of total agricultural production Contribution of cash crop out of total agricultural production Contribution of industrial crop out of total agricultural production Contribution of Fruits out of total agricultural production
Top four agricultural commodities exported in the last nine months (by value)
Top four agricultural commodities imported in the last nine months (by value)
Outstanding credit of banks and financial institutions in the agriculture sector Consumer Price Inflation in the review period (first nine months of 2021-22) in Kathmandu Valley Consumer Price Inflation in the review period (first nine months of 2021-22) in Terai Consumer Price Inflation in the review period (first nine months of 2021-22) in the Hilly region Consumer Price Inflation in the review period (first nine months of 2021-22) in the Mountain region
23.9%122 NPR 590 per quintal 123 NPR 2902 per quintal124 NPR 3165 per quintal125 NPR 2752 per quintal126 44.3%127 17.1%128 15.3%129
13.2%130
5.8%131 Soyabean Oil NPR 43.3082 billion132 Palm Oil NPR 36.385649 billion Juice NPR 4.04364 billion CardamonNPR 3.818096 billion Crude Soyabean Oil - NPR 45.654.95 billion133 Rice/ Paddy NPR 39.903898 billion Crude Palm Oil NPR 32.047857 billion Edible Oil NPR 17.08584 billion 16.9%134
6.25%135
7.61%136
7.79%137
8.25%138
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