KATHMANDU: Nepal News presents today’s snapshot of Nepal’s economic activities. Get quick updates on major market movements, policy shifts, and financial developments shaping the economy of Nepal. Here are the key economic highlights for today:
Gold and Silver Investments Deliver Annual Returns Amid Regulatory Restrictions in Nepal
Gold investments in Nepal delivered a 17 percent annual price return, with retail prices rising from Rs 241,500 to Rs 284,300 per tola (11.66 grams) between today and tomorrow, after peaking at an all-time high of Rs 339,300 per tola on January 29. Silver prices recorded a 25.77 percent annual return, increasing from Rs 3,065 to Rs 3,855 per tola after reaching a peak of Rs 7,505 per tola. Market analysts noted that domestic price growth significantly surpassed international market gains due to an increase in customs duties from 10 percent to 20 percent implemented via the national budget alongside foreign exchange rate fluctuations.
Livestock Feed Production Costs Surge By 15% Following Escalating Imported Maize and Soybean Prices
Escalating international prices for imported maize and soybean meal triggered a 15 percent surge in livestock feed production costs across the country. Industry data indicates that imported Indian maize prices jumped from Rs 36 to over Rs 50 per kilogram, while US and Bangladeshi soybean meal prices rose from Rs 87 to Rs 95 per kilogram, alongside bran price increases from Rs 35 to Rs 47 per kilogram. Consequently, producers increased broiler feed prices by Rs 5 and layer feed by Rs 4, bringing retail feed prices to between Rs 55 and Rs 75 per kilogram. Stakeholders warned that egg production costs increased by Rs 2 to Rs 3 per unit, threatening poultry farmers already facing widespread operational displacement amid soaring chick and live chicken production expenses.
Large Cardamom Exports Via Kakarbhitta Reach Rs 988 Million
Large cardamom exports passing through the Kakarbhitta customs border point totaled Rs 988.8 million in the period from September 17 to October 17. Customs records from the Mechi Customs Office documented 541,940 kilograms of cardamom exported to India, alongside tea shipments valued at Rs 495.4 million for 1,715,932 kilograms, plywood valued at Rs 442.3 million for 118,444 kilograms, and broom grass worth Rs 89.5 million for 1,319,140 kilograms produced across eastern districts including Jhapa, Ilam, Panchthar, and Taplejung. Additional monthly exports comprised 46,745 kilograms of chhurpi worth Rs 89.5 million, 2,080,763 kilograms of iron sheets worth Rs 298.4 million, and 48,318 kilograms of dried meat valued at Rs 48.3 million.
NRB Reports Decline in Foreign Tourist Arrivals and Hotel Occupancy in Koshi
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