Molasses worth 150 million rupees exported to Bangladesh via Kakarbhitta transit

Kathmandu: Molasses worth 149 million and 369 thousand rupees have been exported to Bangladesh in Fiscal Year 2023/24 via the Kakarbhitta transit point in Koshi province.

Subash Pandeya, Chief of Nepal Transit and Warehousing Company Limited, Kakarbhitta Branch Office, said 9741.65 metric tonnes of molasses was exported to Bangladesh last fiscal year. He said 3,555.6 metric tonnes of molasses worth 53 million and 197 thousand rupees have been exported via Kakadbhitta transit until August 30 of the current fiscal year 2024/25 beginning July 16.

Trader and clearing agent Nabin Dahal said that the export of molasses to Bangladesh has increased in the wake of India imposing a 50 percent tax on the export of molasses from there. He said the export of molasses to Bangladesh from Nepal is likely to surge in the future with India imposing higher tax on its export.

Pandeya, the Chief of Nepal Transit and Warehousing Company Limited, Kakarbhitta Branch Office, trade is carried out with Bangladesh from Nepal’s eastern transit point Kakadbhitta through Fulbari in West Bengal, India, and Banglabandh, the northern transit point of Bangladesh.

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