Kathmandu, May 24 -- Nepal's exports surged by 72.71 percent in the first 10 months of the current fiscal year ended mid-May. This dramatic increase was driven primarily by the re-export of edible oils-particularly soybean, sunflower, and palm oil-commodities that Nepal does not produce in sufficient quantities to even meet its domestic demand.

Of the total, edible oil exports to India amounted to Rs90 billion.

According to the Department of Customs, Nepal exported goods worth Rs217.91 billion during the review period, a sharp rise from Rs126.17 billion recorded during the same period last fiscal year.

If edible oil exports are excluded, total exports amount to just Rs127.89 billion, which shows the disproportionate impact of edible oi...