A week after Nepal has lifted the sugar import restriction in the country, Industrialists have requested the government to revive it. They claim that the country has sufficient amount of sugar for the next few months, so there is a no need for the import.
They urged the government to bar sugar traders from importing the sweetener till the Dashain festival, which is two months away.
Nepal Sugar Producers’ Association has written a letter to the government to consider their demand for sugar import restriction.
Earlier, the government continued ban of sugar import for the next three months, which was initially in place only till mid-April. The ban was imposed after the domestic sugar industry claimed that they could not compete with sugar from other countries. The excessive supply of cheaper foreign sugar in the domestic market had lowered the demand for comparatively costly Nepali sugar.
In March 2018, the govt had raised import duty on sugar to 30 per cent from 15 per cent to promote domestic sugar. However, even after that local sugar mills were struggling, following which Government banned the import of sugar to assure a market for domestic produce.
To Listen Nepal Sugar Producers’ Association Demand to revive sugar import restriction News click on the player button below the image.
