Nepal | September 30, 2020

India may allow import of palm oil from Nepal

Himalayan News Service
Share Now:

Kathmandu, February 5

India seems to be positive about resuming the trade of refined palm oil from Nepal.

Officials at the Ministry of Industry, Commerce and Supplies (MoICS) informed that the Indian authorities are willing to allow Indian traders to import refined palm oil from Nepal, which has been halted since January 10.

Aimed at taming Malaysia, India had imposed a blanket restriction on import of palm oil. This directly affected the trade of Nepal’s top export item — refined palm oil. Since then, the government has been holding bilateral discussions (both formal and informal) with India to resume the palm oil trade.

A week after the Indian government stopped importing refined palm oil from Nepal, the government on January 18 had formally asked the southern neighbour to allow Nepali traders to export the commodity in the Indian market. Since then, authorities of the two nations have held series of formal and informal discussions to lift the ban for Nepal.

“Indian authorities seemed positive towards allowing its traders to import palm oil from Nepal during the formal and informal discussions held at various levels,” informed a source at MoICS, adding that India, however, is yet to officially respond to Nepal government’s request for exemption from the ban on import of refined palm oil.

Sources at MoICS said that commerce secretaries of both nations are holding discussions every day to resume the trade of country’s largest export item to Indian market.

Nepal has been urging India to lift the ban on import of refined palm oil from Nepal citing that the country is not a bulk exporter of the product and that Nepali traders export palm oil in small packages ranging from one kg to 15 kg, which are widely used by Indian households.

“Our palm oil exports account for a mere one per cent of Indian imports of the commodity,” informed Nabaraj Dhakal, joint secretary at MoICS.

“We are hopeful that the ban on import of refined palm oil from Nepal will be lifted as India’s import restriction on the product did not primarily intend to curb import of the product from Nepal.”

Nepali traders import crude palm oil from Malaysia and Indonesia, process and package it here, before sending it to India. Although Nepal does not have competitive or comparative advantage in exporting palm oil to India, its rising export in recent months had played a crucial role in raising the country’s export base and narrowing the trade deficit.

A version of this article appears in print on February 06, 2020 of The Himalayan Times.

Follow The Himalayan Times on Twitter and Facebook

Recommended Stories:

More from The Himalayan Times:

Fulham, Aston Villa, Ivan Cavaleiro, Matty Cash

Villa beat Fulham 3-0 to move into top four

LONDON: Aston Villa moved into the Premier League top four after they strolled to a 3-0 win at Fulham thanks to goals from Jack Grealish, Conor Hourihane and Tyrone Mings in a lopsided contest on Monday. The result left Villa, who narrowly avoided relegation last season, fourth on a maximu Read More...

Private hospitals, labs to charge Rs 3,899 for PCR test

KATHMANDU, SEPTEMBER 28 Private hospitals have fixed their own rate for conducting polymerase chain reaction tests, saying that the fee allocated by the Ministry of Health and Population was too less. Eight private hospitals and labs, including HAMS Hospital, Star Hospital, B&B Hospital an Read More...

President issues ordinances on acid attack punishment, acid sale regulation

KATHMANDU, SEPTEMBER 28 President Bidhya Devi Bhandari today issued two ordinances to increase jail sentence for acid attackers and to regulate the sale and distribution of acid and other harmful chemicals. One of the ordinances amended the new penal code, proposing to increase jail term for a Read More...

Editorial: Unemployment problem cannot be addressed unless all levels of govt work together to create jobs within the country

The unemployment problem cannot be addressed unless all levels of govt work together to create jobs within the country Unemployment is a big problem in Nepal. That is why youths in large numbers migrate to other countries, mostly India, the Middle East, Malaysia, South Korea and Japan, where they e Read More...

Ayurvedic literature: Delving into its history

The travelogue of Chinese pilgrim Faxian was the earliest testimony to describe the healthcare system in ancient South Asia. It is close to the description by the earliest Ayurvedic compendium, Charaka Samhita Ayurveda has become a buzzword in the contemporary setting of medicine in the era of COVI Read More...

Six student leaders arrested for staging protest outside Chinese Embassy in Kathmandu

KATHMANDU, SEPTEMBER 28 Six student leaders of Nepal Student Union, the student wing of major opposition Nepali Congress, were arrested today for staging a protest outside the Chinese Embassy at Baluwatar against the alleged border encroachment by the Chinese side in Humla district. The NSU le Read More...

Woman found dead in Saptari district

A police team has been deployed from Province Police Office, Janakpur, to investigate the case RAJBIRAJ, SEPTEMBER 28 A 50-year-old woman was found dead at Mayanakaderi village, Ward No 2 of Tirhut Rural Municipality, Saptari, yesterday. The body of Dayaman Devi, wife of local Shiv Narayan, w Read More...

TU likely to conduct exams after Dashain, Tihar festivals

KATHMANDU, SEPTEMBER 28 Tribhuvan University has decided to conduct its regular examinations after the upcoming festivals by adding more examination centres and allowing students to take exams from the nearest examination centres. TU is all set to publish the exam routine very soon. The cou Read More...