Export of 10 billion worth of oil comes from the raw material of 10 billion soybeans

Soybean has overtaken diesel in imports, foreign trade increased by 18.75 percent, exports by 96 percent, imports by 11.42 percent and trade deficit by 2.55 percent.

Bhadra 7, 2082

Raju Chaudhary

Export of 10 billion worth of oil comes from the raw material of 10 billion soybeans

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Soybean raw material has overtaken diesel as the first in the import trade. In the first month of the current fiscal year (July), 71.7 million liters of soybean raw material worth 10.80 billion 95 million rupees has been imported.

  Soybean raw material imported volume and amount in July is the highest so far . Last year in the month of July, 96 lakh 9 thousand liters worth 1.3 billion 79 lakh rupees were imported. Soybean raw material was ranked 11th based on imported amount. Diesel was the first number based on the amount imported in July last year. Now, surpassing diesel, soyabean raw material has become the number one in the foreign trade data of the Customs Department. According to the trade data released on Friday, it is mentioned that the import of raw material of soybeans is 5 billion 887 million rupees.

Soybean's raw material import and export are also number one. Soybean oil worth 10 billion 69 crore 58 lakh rupees has been exported in the month of July. Soybean raw materials imported from third countries have been sent to India by increasing the price. Due to export discount and advance payment facility, businessmen export soybean oil in India instead of selling domestically. Nepal imports crude oil from America, Argentina, Ukraine, Indonesia, Malaysia and Thailand. Soybean raw materials and oil have increased the overall import export trade .

In July, the country's total foreign trade has reached 1 trillion 66 billion 97 billion rupees. This amount is 18.75 percent more than last July. In the last month of July, the total foreign trade was 1 trillion 40 billion 600 million rupees. Likewise, the department said that import trade increased by 11.42 percent. According to the department, the import of 1 trillion 43 billion 4 crore rupees in July. Last year in July, goods worth 1 trillion 28 billion 37 million rupees were imported. After soybean raw materials and diesel, gasoline has been imported in the third place . Petrol worth 5.77 billion 1.4 million rupees has been imported in July. 4 billion 666 million 64 million rupees cooking LP gas, 3 billion 41 million smartphones, 3 billion 7 billion steel and iron have been imported. Similarly, in one month, it is mentioned that corn worth 1.54 billion 73 million, rice worth 1.10 billion, apples worth 1.55 billion, palm oil (crude) worth 1.55 billion have been imported.

Most of the imported goods were imported from India worth 83.53 billion 99 lakh rupees. In the second, it is mentioned that goods worth 27 billion 996 million rupees were imported from China.

Similarly, export trade has also increased by 95.75 percent. Goods worth 23 billion 93 crore rupees have been exported in the first month of the current financial year. Goods worth 12 billion 220 million were exported in July last year.

After soybean oil, carpet is the second largest export. Carpet worth 82.5 million, palm oil worth 67.12 million, sunflower oil worth 65.14 million have been exported in July. In July, yarn worth 46.32 million, tea worth 37.45 million, cardamom worth 32.17 million rupees have been exported . Among the exports, most of the goods worth 19 billion 45 crore rupees have been exported to India. It is mentioned that goods worth 1 billion 54 million were exported to the United States in the second place, and goods worth 42 million to Germany in the third place. Along with import and export, the country's trade deficit has increased by 2.55 percent. According to the department, the trade deficit in the month of July is 1 trillion 19 billion 10 crore rupees. Last July, the business was 1 trillion 16 billion 150 million . The government has collected Rs 36 billion 81 crore 41 lakh revenue from imported goods in July.

Raju

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