India’s high export duties on oils have allowed Nepal to earn from re-exports

Rs 90.75 billion for 430,504 tonnes. The main driver of the growth was India’s hike in duties on crude edible oils to 20%, making Nepal’s refined oils competitive in the Indian market under the South Asian Free Trade Area (SAFTA). This has allowed Nepal, which does not produce these oils commercially, to earn from re-exports. However, India’s recent reduction in duties on crude edible oils to 10% on May 30 could slow this export boom. Experts warn that the reliance on re-exports of oils makes Nepal’s economy vulnerable to changes in India’s customs policies. For almost 30 years of expertise in the agri markets, UkrAgroConsult has accumulated an extensive database, which became the basis of the platform AgriSupp. It is a multi-functional online platform with market intelligence for ...