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India allows palm oil import from Nepal again

Biratnagar, July 1

India has allowed the import of refined palm oil from Nepal again after a suspension of around 13 months.

The Economic Times reports the New Delhi government removed the item from the restricted list and made it importable freely until December 31.

Though Nepal does not produce crude palm oil, its refined version has been one of the largest exports of the country. Nepal imports crude palm oil from Malaysia and Indonesia.

India had imposed a ban on its import in January 2020, but it had lasted only a month. However, the ban was reintroduced after a few months again.

Industrialists of Biratnagar have expressed their happiness over the decision to lift the ban. In and around Biratnagar in the Morang district, there are seven palm oil refining plants whereas the number of such enterprises in the country is 20.

However, it will take around one month to resume the export, according to an industrialist Abinash Bohora.

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