Sunday, February 23rd, 2025

Floriculture business suffers damage worth Rs 150 million


26 October 2024  

Time taken to read : 2 Minute


  • A
  • A
  • A

KATHMANDU: The incessant rainfall that took place on September 27 and 28 has inflicted significant damage to the floriculture business as well.

As a result, the price of Sayapatri or Marigold flowers is expected to rise during the upcoming Tihar festival Flowers that had just started blooming were damaged due to the rain resulting in a loss of around Rs. 150 million, said Dilip Bade, chair of Nepal Floriculture Association.

For the upcoming Tihar festival, 1.5 million garlands are going to be imported from India.

Bade said that last year the cost was Rs 65 to Rs 70 per garland but this year the wholesale price will be around Rs 80 to Rs 85 per garland.

There is a demand of 700,000 Sayapatri flower garlands this year compared to last year.

Last year 3.3 million garlands were sold during the Tihar festival. Of the total market demand for flower garlands 60 percent is in Kathmandu Valley.

There is a market demand for 4 million Sayaparti flower garlands for this year’s festival.

According to the Floriculture Association, though the market demand for this year’s Tihar festival is 4 million garlands the domestic production is only 2.5 million garlands.

Market demand increases by 15 to 20 percent every year, but production increases by only 10 percent at most.

With the increase in the demand for flowers, farming of flowers has expanded to 52 districts including Kaski, Chitwan, Makwanpur, Kavrepalanchok, Gulmi, Palpa, Dhading, Morang, along with three districts of Kathmandu Valley.

Publish Date : 26 October 2024 11:50 AM

RPP Chair Lingden urges immediate halt to Taplejung Cable Car project

KATHMANDU: Rajendra Lingden, Chairman of the Rastriya Prajatantra Party (RPP), has

Musk orders US federal workers to describe what they did at work last week or get fired

WASHINGTON DC: Elon Musk, the billionaire head of the Trump

Ghulam Ali performing in Nepal

KATHMANDU: Famous Pakistani ghazal singer Ghulam Ali is set to

Light rain likely in Koshi, Bagmati, and Gandaki provinces

KATHMANDU: Light rain, accompanied by thunder and lightning, is expected

Today’s foreign currency exchange rates

KATHMANDU: Nepal Rastra Bank has fixed the exchange rates for