- January 3, 2022
- Posted by: Stratford Team
- Category: Economy
When many economic indicators—from the service sectors to the government’s spending performance—were below par, some saw the silver lining in the agriculture sector.
But it’s official now that it too suffered.
Nepal’s paddy harvest is expected to shrink to a five-year low to 5.13 million tonnes this fiscal year caused by unseasonal October rainfall and experts say it may cause further upward pressure on inflation and downward pressure on the economy.
Paddy is Nepal’s biggest earning farm commodity, with tens of thousands of farmers relying on its income.
As the government is struggling to ensure chemical fertiliser for winter crops and upcoming summer crops due to the cost factor—-prices have gone up sharply globally—the agriculture sector is staring at a severe crisis.
A preliminary paddy output report released by the Ministry of Agriculture and Livestock Development on Sunday, shows paddy output may drop 8.74 percent year-on-year this…
