Imported sugar trickles into market after being stranded at Dry Port
PARSA, Feb. 6 -- Salt Trading Corporation has released 10,000 sacks of sugar that had been lying idle for four and a half months at the Dry Port in Sirsiya, Birgunj, following the import restriction imposed by the government. The sugar was imported targeting the Dashain, Tihar and Chhat festivals when demand for sugar increases significantly.
The corporation has been clearing its stranded stock since Saturday, he said.
Animesh Kumar, finance head and information officer at Himalayan Terminal-the firm that manages the dry port, said that the corporation deposited Rs10 million as collateral to release 10,000 sacks of sugar. It owes the dry port Rs49.8 million in warehouse charges.
"We permitted the corporation to release 20 percent of it...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.