Bhutan's orange exports down after demonetisation
Bhutanese orange exporters dread that, because of the demonetisation of Rs 500 and Rs 1,000 notes in India, they are being charged high rates for boxes to pack their oranges. Transporters are also demanding extra charges if paid in Ngultrum, the currency of Bhutan.
A Bhutanese exporter, who wished not to be named, said the exporters have to pay “miscellaneous” and “other unofficial bills” in Indian currency. As an interim measure, the exporters have arranged with the transporters to pay in Ngultrum (Nu) with the assurance that they will be paid in INR once it is available.
Exporters from Bhutan's Gelephu orange depot have been paying around USD $278 per truck to transport oranges to the Bangladeshi border. But this year transporters are demanding more than USD $293 per truck.
source: economictimes.indiatimes.com
