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Nepal Becomes Lonely Planet‘s World‘s Best Value Destination For 2017

B360
B360 December 6, 2016, 12:00 am
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Nepal spends more than Rs 21 billion each year on imported cooking oil alone. And every year, the figure goes up, especially close to the festive seasons. According to a data from Trade and Export Promotion Centre (TEPC), Nepal imported cooking oil worth Rs 21.32 billion in the last fiscal year. Soya bean, sunflower, olive, palm, coconut and mustard oils are the main types of oils imported during the festive season from various countries around the world. Argentina seats at the top of the list of countries where the cooking oil Nepal uses originates from. Last year, Nepal imported cooking oil worth Rs 7.03 billion from Argentina, followed by Brazil (Rs 3 billion) and Paraguay (Rs 1 billion). Crude palm oil, worth Rs 2.85 billion, was imported last year from countries like Indonesia, Malaysia, India, Ukraine and Argentina. Palm oil worth Rs 920.05 million came from China, Indonesia, Malaysia, Hong Kong, Singapore, Thailand and India, among others.

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FEBRUARY 2024

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