Soyabean oil imports fall 58.1pc

Soyabean oil imports fall 58.1pc

News desk

Soyabean oil import during the first eight months of the current financial year reduced by 58.1 pc, as compared to the imports of the corresponding period of last year.
Soyabean oil import into the country came down from 108.125
metric tons to 38.950 metric tons during the period from July-February 2016-17, according to the data of Pakistan Bureau of Statistics.
The country spent $ 58.201m on the import of soyabean oil in last 8 months of the current financial year to fulfill the domestic requirements of the edible oil as compared to the imports of $ 138.615m of the same period of last year.
However, during the period under review, imports of the palm oil into the country swelled by 9.25pc as about 1,673,121 metric tons of the commodity valuing $ 1.184b were imported.
The import of palm oil into the country during first 8 months of last financial year was recorded at 1,779,666 metric tons costing $1.85bi, it added.

Meanwhile, imports of different spices into the country reduced by 5.81pc as it was recorded at 103,286 metric tons as compared to the import of 101,453 metric tons.
During the last eight months, spices worth $89.128m were imported as compared to the import of $94.620m of the same period last year.

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During the period from July-February, 2016-17, tea import into the country also decreased by 0.8 percent as compared the import of last year.
About 145,714 metric tons of tea worth $ 361.384m was imported to fulfill the domestic consumption as against the import of 119,362 metric tons valuing $384.313m of same period of last year.
It may be recalled here that during the last eight months, food group imports into the country increased by 13.47pc and recorded at $ 3.970b as compared to the imports of $3.498billion of the corresponding period of last year.
On the other hand, food exports from the country witnessed an 11.79pc decrease in first eight months of the current financial year and were recorded at $ 2.339b as against the imports of $ 2.652b of the same period of last year.

 

 

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