Traders shift to exporting soybean oil as palm oil loses lustre after India’s restriction

Soybean oil shipments increased four and a half times to Rs13.5 billion in the first five months of the fiscal year.

Soybean oil has shot up to the top of the list of Nepal's largest exports, knocking palm oil from the number-one spot, as traders changed tack to keep exploiting trade preferential loopholes after the Indian government squeezed palm oil imports.