KATHMANDU, Oct 11: Nepal's palm oil exports to its neighboring country, India, have plummeted by 50 percent, marking a significant decrease in the fiscal year 2022/23 compared to the previous year. The Trade and Export Promotion Center reported that palm oil exports in 2022/23 were limited to Rs 20.51 billion, a sharp drop of 50.1 percent from the previous fiscal year's figure.

KATHMANDU, May 2: Nepal’s export of processed palm oil along with the manufactured goods using this oil are likely to face a serious hit after Indonesia imposed a ban on the export of palm oil citing the ongoing shortage of edible oil triggered by the Russia-Ukraine war.

KATHMANDU, June 30: Nepal in the current fiscal year has got some respite from the ever-worsening trade position with the country being able to narrow down the trade deficit to some extent and one-third export earnings of the country coming from palm oil and soybean oil.

BIRATNAGAR, Feb 15: Indian traders have started placing orders for palm oil to Nepali exporters after the Indian government opened doors for the import of refined palm oil into the country.

KATHMANDU, Jan 25: The government is sending a high level delegation team to request the Indian government to rethink on its decision to restrict palm oil that was being exported from Nepal.

KATHMANDU, Jan 10: Nepal’s export is likely to take a hit with the Indian government’s decision to impose restriction on the import of palm oil.