Edible Oil Worth Rs 3.463 Billion Exported via Birgunj

  1 min 7 sec to read
Edible Oil Worth Rs 3.463 Billion Exported via Birgunj

March 24: Nepal has exported edible oil worth Rs 3.5 billion from Birgunj customs point in the current fiscal year. The export of oil which had been halted for the last few years has resumed from this year.  

In the current fiscal year 2018/19, Nepal exported edible oil worth Rs 3.463 billion to India in eight months, according to Information Officer at Birgunj Customs Office Manish Kumar Mahato. He said that oil weighing 30,203 metric tons produced by oil industries of Bara and Parsa were exported to India this year.

Edible oil, which was not even in the export list in last fiscal year, stood on the top of the export list this year.

According to the data provided by the customs office, palm oil was Nepal’s top export among different types of oils followed by soyabean oil. The export of non-edible palm oil alone stood at Rs 3.636 billion.

At present, nine oil industries of Bara and Parsa have been exporting oils through Birgunj.

The export of oil from Nepal to India has become possible due to the high customs duty levied by India on the import of raw material for oil. India levies 40 percent customs duty on the import of the raw materials.

 

 

No comments yet. Be the first one to comment.