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Nepal to import rice and sugar to meet festive rise in demand

Nepal will import paddy, rice and sugar from India to meet the rise in demand during the upcoming festive season.
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The request was made through the Ministry of Foreign Affairs to the Indian authorities, Commerce and Supplies Ministry Joint Secretary Ram Chandra Tiwari said.

“Nepal has requested India to provide one million tonnes of paddy, 100,000 tonnes of rice, and 50,000 tonnes of sugar,” he said. Though there is no immediate shortage of rice and sugar in the market, there are rumours about its possible scarcity following India’s decision to ban the export of non-basmati white rice to the international market. So as a precautionary measure, the Nepal government has asked India to supply these food items, Tiwari said. There are also concerns that traders might resort to hoarding these goods, potentially driving up prices as the festive season approaches, market analysts opine.

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