CEO Tab
  • Home
  • Prime News
  • International Market
  • Special Report
  • Corporate
  • Opinion
  • Next Gen
  • Entertainment
No Result
View All Result
CEO Tab
  • Home
  • Prime News
  • International Market
  • Special Report
  • Corporate
  • Opinion
  • Next Gen
  • Entertainment
No Result
View All Result
CEO Tab
No Result
View All Result
Home Prime News

Drop-in rice production likely to hit the national economy

CEO TAB by CEO TAB
January 5, 2020
in Prime News
0
Drop-in rice production likely to hit the national economy
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter

Kathmandu, January 5: A noticeable fall in rice production this year is likely to affect the national economy. Experts predict that it would have its implications on the Gross Domestic Product. Last year, the contribution of the agricultural sector to the GDP was measured at 27.59 percent.

You might also like

Nepal’s Capital Gains Tax from Share Trading Falls by 36%

Non-Life Insurers Generate Rs 36.58 Billion in Premiums in Nine Months

Government Tightens Rules to Recover Cooperative Depositors’ Funds

The Economic Survey of 2075-76 BS had projected the contribution of the agricultural sector (agro products, forest, and fishery) to the GDP to be around 26.98 percent. Rice is the staple crop of Nepal and its stake in the GDP is 12 percent. The Ministry of Agriculture and Livestock Development in a press statement informed that this year paddy production went down by 1.05 percent compared to last year.

It cited lack of timely rainfall, plotting of arable land, inundation in the Tarai/Madhes, lack of sufficient irrigation facilities and youth population deserting from agricultural activities as causes for the drop in rice production. This year, the country’s rice production fell by 59,000 metric tons compared to the previous fiscal and it was limited to 5,551,000 metric tons against 5610,000 in the last year.

According to the 2011 (latest), national census which is conducted in every 10 years, around 6,000,000 metric tons of rice are required to meet the national demand. The Agricultural Census 2068 BS states that the agricultural sector has its 32 percent contribution to the GDP. Despite being an ‘agricultural country’, Nepal is heavily dependent on imports for rice as other agricultural products and so many other commodities. Last year, it imported rice worth Rs 28 billion.

Cultivation of main season rice (which takes place during rainy season), spring rice (takes place during the Nepali month of Chait or pre-monsoon period) and Ghaiya (a kind of upland rice) is conducted in Nepal. When we analyze data of the last 15 years (from fiscal year 2060-61 BS to 2074-75 BS), whether it seems as the major determinant for rice production.

If it is favorable, the production goes up and when it is adverse, the production goes down. The total arable land in Nepal is 3,091,000 hectare. Rice cropping is largely relied on rainfall for water.

Of the total arable land in Nepal, rice cultivation takes place in around 50 percent. In the last 15 years, it was 2060/61 fiscal year that witnessed maximum rice plantation. The rice was planted in 1.5 million hectares of land that year, while the production was 4.4 million tons of rice. After 11 years in 2072/73, the country planted rice in 1.3 million hectares of land, producing 4.2 million tons of rice. Every year, the land to produce rice is reducing. The statistics maintained at the Ministry of Agriculture and Livestock Development, however, show that the land for rice cultivation was shrinking but the production growing.

Currently, 1.3 million hectares of land is left uncultivated. According to senior rice specialist Bholaman Singh Basnet, Nepal needs some 6 million metric tons of rice every year. Interestingly, Nepal houses the highest altitude arable land for rice cultivation- Chhumchaur of Jumla district. Similarly, Jhapa is the district producing maximum rice. The government has also announced Jhapa as the super zone of rice production. In Nepal, all districts except Manang and Mustang grow rice. RSS

Share30Tweet19
CEO TAB

CEO TAB

Recommended For You

Nepal’s Capital Gains Tax from Share Trading Falls by 36%

by CEO Tab
April 27, 2026
0
Govt collects CGT of Rs 4.23 billion in first month this FY

The government collected Rs 8.17 billion in capital gains tax (CGT) from share transactions during the first nine months of the current fiscal year, marking a 36.44 percent...

Read more

Non-Life Insurers Generate Rs 36.58 Billion in Premiums in Nine Months

by CEO Tab
April 27, 2026
0
NIA curbs on investment of reinsurance companies

Non-life insurance companies in Nepal collected premiums totaling Rs 36.58 billion during the first nine months of the current fiscal year. According to the Nepal Insurance Authority (NIA),...

Read more

Government Tightens Rules to Recover Cooperative Depositors’ Funds

by CEO Tab
April 27, 2026
0
Government introduces new provisions for land lease hold

The government is preparing to seize investments made by defaulters of troubled cooperatives in other organizations, as well as assets transferred to their family members, in an effort...

Read more

Nepal-China Trade via Rasuwagadhi Sees Strong Imports Despite Disruptions

by CEO Tab
April 27, 2026
0
Increase in imports from Rasuwagadhi transit

Goods worth Rs 31.3 billion were imported through the Rasuwagadhi Customs point during the first nine months of the current fiscal year, highlighting its importance as a key...

Read more

Government Moves to Recover Loans from Problematic Cooperatives, Sets 15-Day Deadline

by CEO Tab
April 24, 2026
0
Government introduces new provisions for land lease hold

The government has intensified efforts to recover defaulted loans from troubled cooperatives in a bid to return funds to affected depositors. In a public notice issued, the Problematic...

Read more
Next Post
34 domestic airport runways blacktopped

34 domestic airport runways blacktopped

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Browse by Category

  • Corporate
  • Entertainment
  • Featured
  • International
  • Major Story
  • Next Gen
  • Opinion
  • Prime News
  • Special Report
  • Tete – A – Tete

EDITOR

Manish Raj Poudel
info@ceotab.com
9841317747


PUBLISHED BY

Welcome Group
www.welcomeadnepal.com

Publisher

www.ceotab.com is a premium news portal being run by Welcome Group. The website features quality business/economic news contents,  in-depth profiles of companies, stories of struggle and success of entrepreneurs, articles that assess various dimensions of  the commerce, trade and economy.

Editor

Manish Raj Poudel

info@ceotab.com

9841317747

Sub-Editor

Riza Poudel

poudelriza@gmail.com

Archives

© 2023 CEO Tab. All rights reserved.

No Result
View All Result
  • Home
  • Prime News
  • International Market
  • Special Report
  • Corporate
  • Opinion
  • Next Gen
  • Entertainment

© 2023 CEO Tab. All rights reserved.