Situation report on Nepal’s agrifood systems: September 2023

Overall assessment: Nepal’s agrifood systems remained largely stable with moderately higher year-on-year inflation of 7.5 percent in August 2023 against the target of 6.5 percent. Year-on-year inflation in food prices (8.9 percent) and the depreciation of the Nepali currency against the USD have gen...

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Autores principales: Palikhe, A., Maharjan, N.K., Kumar, A., Adhikari, M., Gupta, S., Minot, Nicholas, Dorosh, Paul A., Kishore, Avinash, Koirala, Pankaj, Krupnik, Timothy J.
Formato: Informe técnico
Lenguaje:Inglés
Publicado: CSISA||TAFSSA 2023
Materias:
Acceso en línea:https://hdl.handle.net/10568/134958
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author Palikhe, A.
Maharjan, N.K.
Kumar, A.
Adhikari, M.
Gupta, S.
Minot, Nicholas
Dorosh, Paul A.
Kishore, Avinash
Koirala, Pankaj
Krupnik, Timothy J.
author_browse Adhikari, M.
Dorosh, Paul A.
Gupta, S.
Kishore, Avinash
Koirala, Pankaj
Krupnik, Timothy J.
Kumar, A.
Maharjan, N.K.
Minot, Nicholas
Palikhe, A.
author_facet Palikhe, A.
Maharjan, N.K.
Kumar, A.
Adhikari, M.
Gupta, S.
Minot, Nicholas
Dorosh, Paul A.
Kishore, Avinash
Koirala, Pankaj
Krupnik, Timothy J.
author_sort Palikhe, A.
collection Repository of Agricultural Research Outputs (CGSpace)
description Overall assessment: Nepal’s agrifood systems remained largely stable with moderately higher year-on-year inflation of 7.5 percent in August 2023 against the target of 6.5 percent. Year-on-year inflation in food prices (8.9 percent) and the depreciation of the Nepali currency against the USD have generally put pressure on consumers. Cereal prices continue to remain high: Annual inflation in cereal grains and their products’ prices increased by 13.2 percent – a large jump – in August 2023. Such rises in prices may be partially attributed to speculation resulting from global paddy supply challenges followed by India’s restrictions on rice exports, worsening the issue of already declining domestic supply in 2022 compared to the previous year. The rising price of cereals will affect poor households who spend a relatively greater share of their budget on cereals. Laborers experienced marginal decline in their real wage rate: Year-on-year growth in wages was 6.7 percent in August 2023, somewhat less than the inflation rate of 7.5 percent. A similar trend was noticed for agricultural laborers for the same period. The lower wage rate compared to inflation can directly hit the daily paid laborers to afford sufficient food.
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publishDateRange 2023
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spelling CGSpace1349582025-11-06T13:13:28Z Situation report on Nepal’s agrifood systems: September 2023 Palikhe, A. Maharjan, N.K. Kumar, A. Adhikari, M. Gupta, S. Minot, Nicholas Dorosh, Paul A. Kishore, Avinash Koirala, Pankaj Krupnik, Timothy J. agrifood systems food prices macroeconomics rice wheat fruits tomatoes pumpkins Overall assessment: Nepal’s agrifood systems remained largely stable with moderately higher year-on-year inflation of 7.5 percent in August 2023 against the target of 6.5 percent. Year-on-year inflation in food prices (8.9 percent) and the depreciation of the Nepali currency against the USD have generally put pressure on consumers. Cereal prices continue to remain high: Annual inflation in cereal grains and their products’ prices increased by 13.2 percent – a large jump – in August 2023. Such rises in prices may be partially attributed to speculation resulting from global paddy supply challenges followed by India’s restrictions on rice exports, worsening the issue of already declining domestic supply in 2022 compared to the previous year. The rising price of cereals will affect poor households who spend a relatively greater share of their budget on cereals. Laborers experienced marginal decline in their real wage rate: Year-on-year growth in wages was 6.7 percent in August 2023, somewhat less than the inflation rate of 7.5 percent. A similar trend was noticed for agricultural laborers for the same period. The lower wage rate compared to inflation can directly hit the daily paid laborers to afford sufficient food. 2023 2023-12-04T17:48:51Z 2023-12-04T17:48:51Z Report https://hdl.handle.net/10568/134958 en Open Access application/pdf CSISA||TAFSSA Palikhe, A., Maharjan, N. K., Kumar, A., Adhikari, M., Gupta, S., Minot, N., Dorosh, P., Kishore, A., Koirala, P. & Krupnik, T. J. (2023). Situation Report on Nepal’s Agrifood Systems (September 2023 Bulletin Number 10). The Cereal Systems Initiative for South Asia (CSISA) and Transforming Agrifood Systems in South Asia (TAFSSA). Kathmandu, Nepal.
spellingShingle agrifood systems
food prices
macroeconomics
rice
wheat
fruits
tomatoes
pumpkins
Palikhe, A.
Maharjan, N.K.
Kumar, A.
Adhikari, M.
Gupta, S.
Minot, Nicholas
Dorosh, Paul A.
Kishore, Avinash
Koirala, Pankaj
Krupnik, Timothy J.
Situation report on Nepal’s agrifood systems: September 2023
title Situation report on Nepal’s agrifood systems: September 2023
title_full Situation report on Nepal’s agrifood systems: September 2023
title_fullStr Situation report on Nepal’s agrifood systems: September 2023
title_full_unstemmed Situation report on Nepal’s agrifood systems: September 2023
title_short Situation report on Nepal’s agrifood systems: September 2023
title_sort situation report on nepal s agrifood systems september 2023
topic agrifood systems
food prices
macroeconomics
rice
wheat
fruits
tomatoes
pumpkins
url https://hdl.handle.net/10568/134958
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