India’s prohibition on import of palm oil affects Nepali industries

india’s-prohibition-on-import-of-palm-oil-affects-nepali-industries

BIRGUNJ: Most of the oil and ghee in Parsa and Bara districts have been affected after imposed a ban on of .

It is estimated that 90 percent of these industries are adversely affected due to restriction on import decreed by India. Large of industrialists are at risk following the decision.

Demand for palm oil is high in India and it is one of the major items of for .

The which had been in the list of exporting goods in 2018/19 was removed from the list from July 16 to December 15 in this fiscal year.

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The Indian government has banned the import of palm oil saying that re-entry of the product into India has affected the Indian industries.

“India’s unilateral prohibition on palm oil has pushed 90 percent of oil industries in Parsa and Bara on the verge of closure,” Subodh Kumar Gupta, President of Nepal Rice, Lentils, Oil Industry


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