Pakistan. Soyabean oil import reduces by 42.69pc, palm oil increases 1.73pc

06.02.2017

Soyabean oil import into the country during first half of current financial year reduced by 42.69 percent as compared to imports of the corresponding period of last year.

During the period from July-December, 2016-17, soyabean import into the country came down $101.184 million to $57.991 million, which was down by 42.69 percent as compared to same period of last year.

According the data of Pakistan Bureau of Statistics, about 48,943 metric tons of soyabean oil imported in first half of current financial year as compared to imports of 75,852 metric tons of same period of last year.

On month on month basis, soyabean import into he country reduced by 95.61 percent as about 922 metric tons of soyabean imported in month of December, 2016 against the import of 13,637 metric tons imported during same period of last year.

Soyabean valuing $0.688 million imported in month of December, 2016 as compared to import of $15.65 million of same month of last year.

However, in first two quarters, palm oil import into the country increased by 1.73 percent as about 1,214,248 metric tons of palm oil imported as compared to the import of 1,327,882 metric tons of same period of last year.

Country had spent $844.279 million on the import of palm oil in last six months as compared to $829,921 million of same period of last year.

Meanwhile, tea import into the country during the period under review also decreased by 7.99 percent as about 107,408 metric tons of tea worth $257.584 million imported as compared to imports of 91,090 metric tons worth $279.953 million of same period of last year.

The spices import into the country also reduced by 5.45 percent as 85,331 metric tons of spices valuing $64.852 million imported as compared to the imports of 77,155 metric tons worth $68.595 million of same period of last year.

It may be recalled that during the first half of current financial year, food group import increased by 9.04 percent as compared to same period of last year.

Different food commodities worth $2.846 billion were imported into the country in last two-quarters as compared to the imports of 2.626 billion of same period of last year.


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