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Ginger farmers of north Phalebas in want of market

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PARBAT — Ginger farmers of Jaljala Rural Municipality of north Parbat are now lamenting their decision to switch to ginger from maize and millet cultivation.

Farmers who had started growing ginger with the hope of making more profit are disappointed as their produce remains in the field in the lack of market.

Ginger cultivated in Lekphant, Shalija, Banskharka and Kyang has started rotting in the field itself.

Some 5,000 kilogrammes of ginger produced by farmers here has remained unsold. Our produce fails to find a market and appropriate price as well, said one Kula Prasad Subedi.

Farmers paid Rs 80 per kg of ginger seed, but now their produce is not selling even at Rs 20 per kg. Beni and Kusha of Myagdi, Pokhara and India are considered as major market for ginger produced here.

Until two years ago, farmers used to sell ginger for Rs 60-80 per kg, said local farmer Radhika Subedi. Jaljala lacks transport facilities and farmers have to transport their produce to Beni for sale carrying on their back.

Ginger consumption is relatively low in Nepal.

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Economy

Century Commercial Bank begins joint operation

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Centuary Bank joint operation inuguration

KATHMANDU — After acquiring ‘B’ class Alpine Development Bank Limited and ‘C’ class Seti Finance Limited, Century Commercial Bank Limited has started its joint operation from Monday.

Joint operation of the bank was inaugurated by Chiranjibi Nepal, governor of Nepal Rastra Bank (NRB), according to a statement issued by the bank.

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The bank has acquired these two financial institutions to expand its capital to Rs 8 billion. The bank now had 85 branches across the country, which would soon be expanded to 100.

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