Tihar Festival Flower Sales Decline Due to Lower Prices
24th Nov 2023
File Photo
The recently concluded Tihar festival in Nepal saw a significant decrease in flower sales, amounting to Rs 240 million, marking a Rs 20 million drop from the previous year. Despite increased flower production, the decline is attributed to lower market prices, according to Min Bahadur Tamang, Chairman of the Nepal Floriculture Association.
Tamang highlighted that the average price of a garland dropped from Rs 100 to around Rs 65 this year. This price reduction is a result of 70 percent of the festival’s flowers being imported from India, where they are generally more affordable than locally grown varieties.
Floriculture has been on the rise across various districts of Nepal, with commercial production reaching approximately 450 species of flowers. However, the influx of cheaper imported flowers has impacted the market for locally produced ones.
On a positive note, Nepal successfully exported velvet flowers (Gomphrena globosa) worth Rs 100,000 to Australia, America, and some Gulf countries this year. This marks a positive stride in expanding the international market for Nepalese flowers.
The recently concluded Tihar festival in Nepal saw a significant decrease in flower sales, amounting to Rs 240 million, marking a Rs 20 million drop from the previous year. Despite increased flower production, the decline is attributed to lower market prices, according to Min Bahadur Tamang, Chairman of the Nepal Floriculture Association.
Tamang highlighted that the average price of a garland dropped from Rs 100 to around Rs 65 this year. This price reduction is a result of 70 percent of the festival’s flowers being imported from India, where they are generally more affordable than locally grown varieties.
Floriculture has been on the rise across various districts of Nepal, with commercial production reaching approximately 450 species of flowers. However, the influx of cheaper imported flowers has impacted the market for locally produced ones.
On a positive note, Nepal successfully exported velvet flowers (Gomphrena globosa) worth Rs 100,000 to Australia, America, and some Gulf countries this year. This marks a positive stride in expanding the international market for Nepalese flowers.
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