Stories Tagged 'Sugar'
Salt Trading Corporation has released 10,000 sacks of sugar that had been lying idle for four and a half months at the Dry Port in Sirsiya, Birgunj, following the import restriction imposed by the government.
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More than 2,400 tonnes of sugar imported by Salt Trading Corporation (STC) has been lying idle at the Dry Port in Sirsiya, Birgunj, following the import restriction by the government.
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The price of sugar rose sharply in the local market after the government imposed import quotas on the daily essential despite assurances by domestic mills that prices would not go up.
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Salt Trading Corporation (STC) is mulling to purchase sugar from domestic manufacturers in a bid to take excess stock off their hands.
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The Supreme Court on Monday issued a show cause notice to the government regarding its decision to raise the customs duty on sugar imports.
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The recent hike in import duty on sugar has made the essential product dearer in Nepal, raising chances of smuggling from India due to the price differential, industrialists and traders based in the eastern region said.
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