Nepal Finalizes 50,000 Metric Tons Chemical Fertilizer Import from India
Summary
Nepal has finalized the import of 50,000 metric tons of chemical fertilizer from India under a government agreement to meet immediate farming needs, with total imports planned at 80,000 metric tons.
Key Points
- Nepal has finalized the import of 50,000 metric tons of chemical fertilizer from India in the first phase under a government-to-government agreement.
- The import includes 30,000 metric tons of urea and 20,000 metric tons of DAP, with the remaining 30,000 metric tons to be imported in a second phase.
- The letter of credit for the fertilizer has been opened and payment is in the final stages; the fertilizer is expected to arrive in Nepal soon.
- Chairman Dr. Ramkrishna Shrestha clarified that reports of Nepal reducing its fertilizer import quota are misleading and the phased import is due to resource and budget management.
