Rice worth Rs 20.5 billion imported in six months

Kathmandu. In the first six months of the current fiscal year 2082/83, Nepal has spent around Rs 20.5 billion on the import of rice and rice.

According to the data of TAG_OPEN_p_5 the Department of Customs, rice worth Rs 20.38 billion was imported from mid-July to mid-January. Compared to the same period last year, the price had increased by 6.73 percent.

The import of Basmati rice has reached Rs 4.TAG_OPEN_p_4 27 billion while the import of other semi-polished or fully polished rice has crossed Rs 6 billion. However, there has been a slight decline in the import of rice. The import of rice which was Rs 10.42 billion last year was limited to Rs 9.87 billion this year.

Despite the rising price of rice imports, the revenue collected by the government has come down to Rs 1.44 billion.TAG_OPEN_p_3 Despite the policy of increasing production in the country, the increasing dependence on staple food items has created more challenges in the economy.