Exports Worth Rs. 76.33 Billion From Birgunj
December 23, 2020 | Investopaper
In the first five months of the current Fiscal Year 2077-78, various goods worth Rs. 76.33 billion have been exported from the main border point of Birgunj to India. Soybean oil was the top export to India from the Birgunj border point during the period from Shrawan to Mangsir this year.
In the first five months of the current fiscal year, 63.1 million kg of soybean oil worth Rs 9.10 billion has been exported to India from Birgunj. Fourteen industries in the Bara Parsa Industrial Corridor have been extracting oil from Birgunj.
According to the Birgunj Customs Office, the soybean oil exported this year has increased by 379 percent based on price as compared to the same period last year. The domestic producers have been focusing on soybean oil export after the suspension of palm oil export. Since last Baisakh, India had banned the import of palm oil.
Industrialists have started exporting soybean crude oil to India after processing it. Semi-refined soybean oil is imported from Argentina, Brazil, Ukraine, Indonesia and other countries. Such oil is being exported from Nepal to India with zero customs facility. Similarly, juice, toothpaste, cloth including Chavanpras, synthetic yarn, sports shoes, woolen carpets and drinks produced by Dabur Nepal from Birgunj are also the main items exported to India. Other exports include ayurvedic medicines, steel utensils, paper boxes, CR seats etc.
