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Soyabean oil imports from Nepal jumps 14-fold
Financial Express Kochi
|February 17, 2025
SOYABEAN OIL IMPORTS saw a sharp 14-fold surge from neighbouring Nepal during the April to November period in 2024 compared to the previous year, even as Kathmandu remains a marginal producer of the commodity, an analysis of data from the Commerce and Industry Ministry has shown.
This comes as overall soyabean oil imports in India are showing a rising trend, with a 19% overall surge in the April to November 2024 period to nearly $3 billion compared to $2.5 billion in 2023. However, during the comparable period, Brazil, one of the top producers of the commodity, registered a drop in exports.
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