The Centre is considering imposing a price cap on imported tur dal to manage domestic prices due to concerns over monopoly suppliers like Myanmar and Mozambique. Consumer affairs secretary Rohit Kumar Singh warned the pulses industry of tough action in a meeting, expressing discontent over the bullish trend in tur prices. Wholesale prices of unprocessed tur had previously fallen but have now risen again. Challenges in imposing a maximum import price include the possibility of reduced imports, which could lead to losses for importers. There are also concerns about hoarding by Myanmar traders.
KATHMANDU, Dec 13: The Association of Nepalese Rice, Oil & Pulses Industry has requested Prime Minister Pushpa Kamal Dahal along with the top political and administrative leaders to take a diplomatic initiative to secure customs exemptions for one million metric tons of rice from India saying that there is not enough rice production in the country.
Nepal’s total exports slumped 21.4 per cent to Rs 157.14 billion in the last fiscal year compared to a surge of 41.7 per cent to an all-time high of Rs 200.03 billion in the fiscal year 2021-22. The country’s exports continued to contract in the first month of the current fiscal year, with a drop of 8.7 per cent to Rs 13.53 billion compared to the same month of last fiscal.
The 44th annual general meeting of the Association of Nepalese Rice, Oil and Pulses Industry (ANROPI) held here has elected a new working committee unopposed for the next two years under the chairmanship of Kumud Kumar Dugad.
The Association of Nepalese Rice, Oil and Pulses Industry on Sunday asked the Ministry of Finance to put up import restrictions on rice and pulses after Nepal's central bank asked commercial banks to stop issuing letters of credit for importing luxury goods, including automobiles. "Nepal has been importing rice and lentils worth billions," said Subodh Kumar Gupta, president of