SHUTTERSTOCK Nepal’s soybean oil exports to India hit a staggering Rs42.34 billion in the first 11 months of the fiscal year, a four-fold jump from Rs10.12 billion in the same period in the previous year, making it the country’s number one export commodity.
How much is Nepal’s soybean oil worth to India?
Nepal imported crude soybean oil valued at Rs45.60 billion and re-exported processed oil worth Rs42.34 billion to India during the first 11 months of the current fiscal year (mid-July 2020 to mid-June 2021), according to the Department of Customs.
Which country exports soybean oil in 2021?
Exports In 2021, Nepal exported $591M in Soybean Oil, making it the 7th largest exporter of Soybean Oil in the world. At the same year, Soybean Oil was the 1st most exported product in Nepal. The main destination of Soybean Oil exports from Nepal are: India ($591M).
Who are the largest edible oil companies in Nepal?
In this article we take a look at the Largest Edible Oil Companies in the Nepal. K.L. Dugar Group, Swastik Oil Industries Pvt. Ltd. began its journey in 1989. Swastik Oil is located in Biratnagar, southeast Nepal, and the factory is based on Swedish technology from Alfa Laval.