Tea worth Rs 1.71 billion exported in first quarter
The export of tea in the first quarter of the current fiscal year increased by 36 percent compared with the year on year from the Mechi Customs Office.
The Office said that 6,426 metric tons of tea was exported in the first three months of the current fiscal year.
Information Officer of Mechi Customs Office Ganapati Kandel said the export of tea, in terms of price, increased by more than 50 percent compared to the same period last year and totaled Rs 1.71 billion.
Chairman of the Nepal Tea Producers Association Aditya Parajuli said that the export of Nepali tea increased due to a decline in its production in India.
Parajuli hoped that the export of Nepali tea would increase further if facilitation efforts were made from the government side.
However, the export of cardamom has decreased by 49 percent in the first three months of the current fiscal year.
During the period, a total of 783 metric tons of cardamom was exported against the export of 1,525 metric tons in the same period of the last fiscal year.
The Mechi Customs Office stated that exports of plywood, broom grass and veneer sheets increased impressively during the first three months of the current fiscal while the export of ginger, Chhuri, iron and vegetables decreased.
Nepse plunges by 47. 44 points on Sunday
The Nepal Stock Exchange (NEPSE) plunged by 47. 44 points to close at 2,697.91 points on Sunday.
Similarly, the sensitive index dropped by 7. 91 points to close at 487. 39 points.
A total of 20,868,919-unit shares of 315 companies were traded for Rs 8. 18 billion.
Meanwhile, Kutheli Bukhari Small Hydropower Limited (KBSH) was the top gainer today with its price surging by 10. 00 percent. Likewise, Eastern Hydropower Limited (EHPL) was the top loser as its price fell by 10. 00 percent.
At the end of the day, the total market capitalization stood at Rs 4. 28 trillion.
Gold shines to hit record high of Rs 165, 000 per tola
Gold price has set a new record in the domestic market today.
According to the Nepal Gold and Silver Dealers’ Association, the precious yellow metal is being traded at Rs 165, o00 per tola. It was traded at Rs 164, 400 per tola on Friday.
Likewise, the silver is being traded at Rs 2, 075 per tola.
Gold price hits new high of Rs 164, 400 per tola
The price of gold has increased by Rs 2, 000 per tola in the domestic market on Friday.
According to the Federation of Nepal Gold and Silver Dealers’ Association, the precious yellow metal is being traded at Rs 164, 400 per tola today. It was traded at Rs 162, 400 per tola on Thursday.
Similarly, the silver is being traded at Rs 1,980 per tola today.
