KATHMANDU: Daily essential goods, including food items and green vegetables, have become more expensive in the Kathmandu Valley following the disruption of transport services caused by floods in the Bhote Koshi river.
Traders have increased the prices of essential commodities and LPG gas, citing higher transportation costs and longer travel times due to the use of alternative routes.
The Nepal Rice, Oil and Pulse Industry Association and the Nepal Food Grocery and Wholesale Association stated that there is no immediate risk of a severe shortage as warehouses in Kathmandu hold sufficient stock.
Typically, the valley maintains a three-month supply of rice and a one-month supply of other food items. According to association president Devendra Bhakta Shrestha, transportation difficulties have led to a price hike of five to 20 percent on daily essentials.
The Retail Trade Association of Nepal reported that within the last week, the price of sugar has risen from Rs 120 to Rs 135 per kg, raw mustard oil from Rs 370 to Rs 420 per litre, and sunflower oil from Rs 295 to Rs 310 per litre. Additionally, a sack of fine rice has increased from Rs 2,300 to Rs 2,500. Amul Kaji Tuladhar, general secretary of the Retail Trade Association, expressed surprise at the price hikes, noting that traders are using transportation issues as a pretext despite having ample stock. He questioned the effectiveness of the Department of Commerce, Supplies and Consumer Protection in monitoring the market.
The Department of Commerce, Supplies and Consumer Protection claimed that it has intensified market monitoring to take action against black marketeering and artificial price hikes during the disaster.
Department director Anil Kiranti stated that since the closure of the Prithvi Highway, officials have been monitoring major warehouses and retail shops, imposing fines and taking action against those operating in violation of the law.
