Nepal's Market Crisis: Unchecked Price Hikes and Regulatory Failure

Kathmandu. Fruit markets are currently seeing exorbitant prices for bananas. In the valley's retail markets, ripe bananas are being sold for 350 to 400 rupees, while traders note that farmers receive only 60 to 80 rupees per dozen. While other fruits have also seen price increases, the surge in banana prices is considered unnatural.Cooking gas remains difficult to find in the market. Consumers complain that when exchanging one cylinder for another, they are forced to pay arbitrary prices ranging from 500 to 1,000 rupees, whereas exchanges previously cost only 200 to 300 rupees.Following the government's announcement of new rates, public...