Edible oil imports decrease
The imports of edible oil including soyabean and palm into the country during the first 08 months of the current financial year decreased by 48.10 percent and 32.47 percent respectively as compared to the imports of the corresponding period of the last year. During the period from July-February, 2023-24 palm oil imports into the country went down from $2.681 billion to $1.810 billion as over 1.959 million metric tons of palm oil were imported as compared to the imports of 1.115 million metric tons of the same period last year, according to the data of the Pakistan Bureau of Statistics.
Meanwhile, about 97, 455 metric tons of soyabean oil valued at $105.664 million were imported as compared to the imports of 140,120 metric tons costing $203.578 million, showing negative growth of 48.10 percent, it added.
However, on the month on month basis, the imports of soyabean oil increased by 35.34 percent, and palm oil 5,505 metric tons of above above-mentioned commodity valued at $5.674 million were imported as compared to the imports of 3,250 metric tons costing $4.192 million of the same month of last year.
Source Link : https://dailytimes.com.pk/1179693/edible-oil-imports-decrease/
