In Nepal morel mushroom is one of the most important wild edible fungi, which is exported, in larger quantities.They have been collected, consumed and traded for more than two decades. The morel mushroom trade is worth a multi-billion dollar industry worldwide. This study was carried out to elucidate the current harvest and trade of morel mushrooms, the prospects for commercial morel industry development and the resource management in Nepal. Wild morels are harvested commercially and exported extensively from west Nepal especially from Karnali and Far West Province which share 58% and 29% of total national output respectively. Most commonly found and traded species are Morchella conica and M. esculenta. In most cases, the collectors sell morels in fresh form to the local dealers or in the local markets from where they are exported to different parts of the world. A bulk of morel mushrooms is traded via Nepalgunj and Mahendranagar routes. The local collectors get nominal benefits as prices are very low in the local area as compared to international markets. The price of M. conica is always higher than other morel species. There is neither processing nor any kind of value addition works currently being done in Nepal except drying, grading and packaging. The present study reveals that Nepal has a huge potential to become a major global producer of high quality morels. There is no serious concern about the overexploitation of the resource at the moment. However, a reliable local monitoring system and a scientific intervention for the artificial cultivation are inevitable for the sustainable management.

Oxidative stress contributes to the aging process and raises the risk of several chronic diseases. In recent years, natural antioxidants are being explored intensively for their ability to protect organisms and cells from oxidative stress-induced harm. Furthermore, mushrooms are widely used as a source of natural therapies for a variety of ailments caused by oxidative stress. In this study antioxidant activities of Morchella conica Pers. extracts obtained with methanol were investigated. This is supposed to be the first report of the antioxidant activity of morel mushroom from Nepal. Five complimentary test systems; namely DPPH free radical scavenging, total phenolic compounds, total flavonoid, ascorbic acid, and carotenoid concentration were used. At concentrations of 12.5, 25, 50, 100 and 200 μg/ml the methanol extracts scavenged 69, 69, 70, 68 and 81% DPPH radicals. The total phenolic content of the extracts was 4.304±0.12 mg/g gallic acid equivalent. The total flavonoid compound concentration was measured as 0.381±0.00 mg/g quercetin equivalent. The concentrations of ascorbic acid were recorded 19±0.02 mg/g dry sample. β-carotene and lycopene detected in the extract of M. conica are 0.020±0.001 and 0.021±0.002 μg/ml respectively. Finally, the findings of this study demonstrated that M. conica has a high antioxidant activity, making it potentially effective in antioxidant therapy and therapeutic intervention in oxidative stress-related disorders.