India imports large quantities even after the production of oil seed crops and the production of oil can be produced. The government spends a lot of money for this. The farmers here do not get the right price for their crop, so the government has paid to import from most countries because of importing eating oil. But Nepal is not included in this list, and now it is creating challenges for the oil trading that can be eaten here.
Because of this, the country’s traders face the competition at the price. Therefore, the Union of Indian Vegetable Oil Manufacturers (IVPA) has raised the voice of this. IVPA has written a letter demanding intervention to Union Agriculture Minister Shivraj Singh.
IVPA demands government
According to the Business Line report, the IVPA has called for the government to ensure that the guidelines of the original location are confirmed. The system demands 5 percent to 10 percent of refined oil. The IVPA has been requested to change imports by agencies such as NAFED and determine the extent of imports.
Increased imports of refined soybean and palm
Due to the India and Nepal Trade Agreement and the South Asian Independent Business Zone (SAP), India has kept the vegetable oil imported from Nepal free, which has now increased the import of refined soybean and Pamayil from here.
Other countries offer India oil from Nepal
Those involved in the Indian -free oil sector allege that many countries that have been implemented by import duty use it as a channel, as there is no charge for importing oil from Nepal to India. They send the oil that can be eaten via Nepal and take it to India. Due to cheaper oil from Nepal, farmers and traders here are experiencing losses due to low cost. According to the report, the prices of soybean and mustard yields are currently lower than the MSP, which damages farmers and affects the goal of relief from rapid production of domestic food.
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