Molasses worth Rs 150 million exported to Bangladesh via Kakadbhitta transit

Molasses worth Rs 150 million have been exported to Bangladesh in Fiscal Year 2023/24 via the Kakadbhitta transit point in Koshi Province.

Subash Pandeya, Chief of Nepal Transit and Warehousing Company Limited, Kakadbhitta Branch Office, said 9741.65 metric tons of molasses was exported to Bangladesh last fiscal year. He said 3,555.6 metric tons of molasses worth Rs 53.19 million has 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 future with India imposing higher tax on its export.

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