Nepal doesn’t grow any palm. Here’s how it still exported billions worth of palm oil Nepal doesn’t grow any palm. Here’s how it still exported billions worth of palm oil Nepali traders are importing crude palm oil, refining it and exporting it under a SAARC agreement to India for zero tariffs.
How much palm kernel oil is produced a year?
The quantity of palm kernel oil produced is on average 12% that of palm oil. World production in 1998 was 2.9 million tons. After extracting the oil from the palm fruit, a hard kernel is left behind. The kernel is related to a coconut, but with a diameter of about 1 inch.
Why does India import palm oil from Nepal?
There are around a dozen factories involved in refining crude products, including palm oil, and exporting the finished products to India, he said. And Indian importers prefer palm oil from Nepal due to the high margin difference in duties, according to officials at the Ministry of Industry, Commerce and Supplies.
Are palm kernels a coproduct of palm oil production?
Palm kernels are a coproduct of palm oil production, and as opposed to palm fruit, the kernels can be stored after they have been dried. This means that palm oil has to be produced at or near the plantation and that palm kernel oil production can be centralized. When the fresh fruit bunch (FFB) reaches the oil plant, it is sterilized with steam.