Kathmandu, March 25 -- Rising tensions and conflict in the Middle East, particularly around the Strait of Hormuz, have disrupted energy supplies, significantly increasing global food costs.
Attacks on vessels and broader regional instability are pushing up fuel, chemical fertiliser and shipping costs-pressures that are already being passed on to consumers.
Although Nepal imports most of its food from India and edible oil from Southeast Asia, the rise in the US dollar and transportation costs has also begun to affect Nepali consumers.
Nepal has not yet felt the full impact. However, as a country heavily dependent on imported food, fuel and fertilisers, analysts warn it is particularly vulnerable to global price shocks in the coming days...
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