Export of Palm Oil Closed since Three Months

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Export of Palm Oil Closed since Three Months

August 13: Refined palm oil is the most exported item from Birgunj. However, the export of palm oil has stopped recently. In the Fiscal Year 2076/77, 14 industries of Bara-Parsa Industrial Corridor exported 168,000 metric tons of refined palm oil to India through this checkpoint. According to the data of Birgunj Customs Office, processed palm oil was the most exported product.

A total of 170,000 metric tons of processed palm oil worth Rs 11.72 billion was exported in the last fiscal year. Bimal Shah, Information Officer of Birgunj Customs Office, said the figure is 47% higher in comparison to the previous year. In the FY 2075/76, a total of 57,000 metric tons of palm oil was exported.

Suresh Rungata, chairman of OCB Food, said that the export of palm oil has been closed since three months after India banned the import of refined palm oil. Entrepreneurs have complained that the government has not taken any initiative to open the export of this product.

Rungata accused the government of being indifferent towards the problems of exporters. Entrepreneurs have claimed that the overall export will decline in the current fiscal year 2077/78 after the export of the main commodity was stopped.

In the last one year, 61,550 metric tons of soybean oil were exported. According to the statistics at the customs department, refined soybean oil worth Rs 8.24 billion was exported to India during this period. In the previous year, the export was only 12,911 metric ton.

However, the Ministry of Industry, Commerce and Supplies has said that an initiative is being taken to open the export of palm oil.

"Efforts are being made with the Indian side at various levels. We are hopeful that we will be able to resume export soon,” said Nawaraj Dhakal, joint secretary at the ministry.

 

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