August 16, 2023
2 mins read

Nepal seeks rice, sugar from India

Rice is the staple food in Nepal and is heavily dependent on imported food, mostly from India…reports Asian Lite News

After India imposed a ban on rice exports, the government of Nepal has written to its counterparts in New Delhi to provide rice, sugar, and paddy.

The request was made last week through the Ministry of Foreign Affairs to the Indian side.

“We have requested the Indian side to make available 100,000 tonnes of rice, 50,000 tonnes of sugar, and one million tonnes of paddy,” Ram Chandra Tiwari, joint secretary at the Ministry of Industry Commerce and Supplies told IANS.

After India imposed a ban on the export of rice, psychology has spread among the public that there could be a lack of rice in the market, said Tiwari, in order to dispel that public’s notion, we have requested for supplies of grain and sugar.

However, the Ministry of Foreign Affairs just communicated with the Indian side about the request on Tuesday.

The request was sent through the Indian Embassy in Kathmandu.

Some Nepali traders started hoarding rice and paddy in Nepal under the pretext of India’s embargo on the export of non-basmati rice beginning from July 20 amid the threat of El Nino weather disruption.

As soon as news about India’s embargo was out, the traders started hoarding huge amounts of rice resulting in price hikes of non-basmati rice in Nepal.

Nepal india

Rice is the staple food in Nepal and is heavily dependent on imported food, mostly from India.

Nepal imported 1.4 million tonnes of rice –1.38 million tonnes of non-basmati and 19,000 tonnes of basmati rice — from India, the highest import on record, according to an Indian government report. 

In terms of value, rice imports came to $473.43 million or just over Rs 60 billion. 

Imports of basmati and non-basmati rice dropped sharply to 812,028 tonnes in 2022-23 as India strangled exports. 

Nepali traders have said that immediately after India stopped the export of rice, retail prices jumped by Rs 200 to Rs 250 per 25 kg bag.

They say that prices are expected to increase further, particularly during the festive season.

Since consumption of rice and sugar increases during the festive season, government officials said that it is their preparations to keep stock of food and sugar-like essential products in stock so that the general public will not face any shortcomings in the future.

Due to depleting stock of paddy and sugar, the government has decided to procure the food grains and sugar from India in order to mitigate the crisis if any occurs in the future.

Before making such a request Minister for Industry, Commerce, and Supplies Ramesh Rijal held talks with Indian Ambassador to Nepal, Naveen Srivastava, and requested him not to impose a ban on the export of rice to Nepal.

The Indian side is positive, said Tiwari.  

ALSO READ: Nepal backtracks on Huawei contracts

Previous Story

Empowerment, Innovation & Impact: Conversation With Visionary Women in the UAE

Next Story

India, Thailand vie for chip supremacy in Asia

Latest from -Top News

Kenyans put president on notice

Kenya’s fifth president became a remarkably unpopular leader barely two years into his presidency after proposing aggressive tax measures that many saw as a betrayal of his campaign promise to support working-class

World Bank grants South Africa a $1.5 bn loan

Deteriorating rail systems, jammed ports and frequent blackouts have hindered vital industries like mining and auto manufacturing in South Africa, contributing to slow economic growth over the last decade in Africa’s most

Judge halts Trump from dismantling USADF

Congress established USADF as an independent agency in 1980, with the mandate to support economic development initiatives in AfricaXXX In a significant legal development, a federal judge in Washington, DC, has temporarily

BRICS Bank Welcomes Colombia, Uzbekistan

The bank’s Board of Governors approved the accession of the two countries, bringing the total membership to 11….reports Asian Lite News Colombia and Uzbekistan have joined the New Development Bank (NDB), expanding
Go toTop

Don't Miss

Nepal seeks Modi-Oli meeting at BIMSTEC Summit 

Nepal has proposed a sideline meeting between PM Oli and

Nepal closes borders with India, China

The adjoining districts have been asked to halt all movements,