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Started 1 week ago · Updated 1 week ago

Nepal's Agro Budget Rises Amidst Declining Production and Increased Imports

Photo · risingnepaldaily.com

Nepal's agricultural sector faces a widening gap between investment and production, with the government increasing its agro budget by 10.7% annually over the past decade. Despite rising allocations, crop production has fluctuated, and the country is increasingly reliant on imports for staple crops like paddy and maize. This trend is further exacerbated by a decrease in fertile land and challenges like unseasonal rains impacting specific produce.

• The government's agro budget has increased from Rs 21.40 billion in FY 2070/71 BS to Rs 59 billion in FY 2081/82 BS.
• In FY 2081/82 BS, Nepal imported 753,305 metric tonnes of paddy and rice, and 299,989 metric tonnes of maize.
• Honey production in Chitwan district decreased by 16.66% this year due to unseasonal rains affecting mustard and churee crops.
• The Ministry for Agriculture and Livestock Development noted a decrease in fertile land over the last decade.
• Wholesale prices for various agricultural produce, including tomatoes, potatoes, and onions, were set by the Kalimati Fruit and Vegetable Market Development Committee.