Nepal, July 24 -- The trade of soybean oil has significantly propelled Nepal's export growth. In the span of just one year, Nepal exported soybean oil worth Rs 106.79 billion to India and Australia. As a result, the country's export trade has increased by over Rs 125 billion in a year.

According to the data published by the Department of Customs on Tuesday, exports surged by nearly 82 percent in Fiscal Year (FY) 2024/25 ie the highest on record. While goods worth Rs 152.38 billion were exported in FY 2023/24, the figure rose by Rs 124 billion to Rs 277.03 billion in the latest fiscal year.

President of the Federation of Export Entrepreneurs of Nepal, Govinda Prasad Ghimire, said that along with policy reforms, soybean oil played a key r...