new arrival palm oil production line in nepal

                                               
                                               
                                               
                                               
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  • Will Nepal's palm oil exports swell this fiscal?
  • Nepal’s palm oil export is expected to further swell this fiscal, as exports jumped over 344-fold to Rs 1.8 billion in the first month of this fiscal, shows the central bank report released this week.
  • Why does India import palm oil from Nepal?
  • There are around a dozen factories involved in refining crude products, including palm oil, and exporting the finished products to India, he said. And Indian importers prefer palm oil from Nepal due to the high margin difference in duties, according to officials at the Ministry of Industry, Commerce and Supplies.
  • How many firms in Nepal are importing crude palm oil?
  • Around 10 firms in Nepal are importing crude palm oil and exporting the refined version, according to the Ministry of Industry, Commerce and Supplies. It is not exactly known how much of investment has gone into these firms or how many jobs they have created. Nepal mainly imports crude palm oil from Malaysia and Indonesia.
  • What is India's tariff on palm oil from Nepal?
  • India imposes a tariff of six per cent on imports of refined palm oil from Nepal, as per the agreement on South Asian Free Trade Area. Lower tariff, once again, provides an edge to Nepali traders, as import of refined palm oil from other countries is subject to up to 50 per cent duty in India.