Nepal’s refiners struggle as India stops refined palm oil imports

Edible oil refiners in Nepal have all but stopped buying crude palm oil amid surging domestic stockpiles after top buyer India suspended most imports of refined oil from the country, industry officials told Reuters.

New Delhi in May suspended 39 oil import licences to slow duty-free shipments from neighbouring nations, disrupting refiners in Nepal which had thrived thanks to preferential access to India’s huge market.

“Refiners are not importing fresh crude palm oil but we have to take (delivery) of the stock which is in transit,” said Amit Sarda, director at Pashupati Oil Industries, a leading refiner and exporter based at Nepal’s industrial town of Biratnagar.

Palm oil stockpiles in Nepal have swelled to 70,000 tonnes, overwhelming local demand needs, he said.

As a result, Nepal’s crude palm imports had plunged to less than 7,000 tonnes per month by mid June from around 21,000 tonnes earlier in 2020, according to government data.

India accounts for nearly two-thirds of Nepal’s trade and is its sole fuel supplier. The ties between Nepal and India have strained lately following a territorial dispute.

Source: Reuters



  1. Pingback: สล็อต ฝากถอน true wallet เว็บตรง 888pg

  2. Pingback: browning auto 5

  3. Pingback: look at this now

Leave a Reply

Your email address will not be published.

three × three =

News is information about current events. News is provided through many different media: word of mouth, printing, postal systems, broadcasting, electronic communication, and also on the testimony of observers and witnesses to events. It is also used as a platform to manufacture opinion for the population.

Contact Info

D 601  Riddhi Sidhi CHSL
Unnant Nagar Road 2
Kamaraj Nagar, Goreagaon West
Mumbai 400062 .

Email Id: [email protected]

West Bengal

Eastern Regional Office
Indsamachar Digital Media
Siddha Gibson 1,
Gibson Lane, 1st floor, R. No. 114,
Kolkata – 700069.
West Bengal.

Office Address

251 B-Wing,First Floor,
Orchard Corporate Park, Royal Palms,
Arey Road, Goreagon East,
Mumbai – 400065.

Download Our Mobile App

IndSamachar Android App IndSamachar IOS App
To Top
WhatsApp WhatsApp us