India’s sugar export ban sparks price fear in Nepal

mypeoplesreview.com · 1 week ago

India's decision to ban sugar exports has created fears of shortages and price hikes in Nepal, which relies heavily on Indian imports. While the Nepali government assures sufficient domestic stock and imports to meet demand for eight months, traders are concerned about potential shortages, price increases, and smuggling due to the open border. Consumers are urged not to panic-buy, and authorities warn of action against hoarding and black marketing. Market anxiety persists despite official reassurances.