Nepal's Edible Oil Imports Surge in First 10 Months of FY 2082/83
Summary
Nepal's edible oil imports surged to over 145 billion rupees in the first 10 months of fiscal year 2082/83, driven by re-export processing to India and large imports of soybean oil mainly from Argentina.
Key Points
- Nepal imported edible oil and related products worth over 145.33 billion rupees in the first 10 months of fiscal year 2082/83.
- Soybean oil accounted for about 73 percent of the total import value, primarily coming from Argentina and Brazil.
- Nepal imports crude edible oils, processes them domestically, and re-exports refined oils mainly to India, earning over 117.55 billion rupees in foreign exchange.
- Sunflower and palm oils are also significant imports, with palm oil mainly sourced from Indonesia and Malaysia, while special oils like olive and coconut oil come from various countries.
