Pakistan: A roadmap in building self-reliance for edible oil

Published 2024년 12월 9일

Tridge summary

The Department of Commerce is developing a comprehensive edible oil policy to address Pakistan's reliance on imported edible oil, which currently costs the country US$3 billion annually. The policy aims to boost domestic oilseed production, which is currently negligible due to factors such as a lack of coherent policy, inadequate research, and inefficient marketing and procurement systems. The policy also aims to overcome historical and institutional challenges by prioritizing domestic oilseed production, providing subsidies and tax incentives, and investing in R&D. It also emphasizes the potential of oil palm and soybean, and the need for collaboration between government, private sector, and international partners for long-term benefits and economic prosperity.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Department of Commerce's Plan for a Comprehensive Edible Oil Policy. The Edible Oil Import Dependency Problem • Pakistan imports US$3 billion worth of edible oil annually • Domestic production remains negligible Reasons for Dependency • Lack of a coherent oilseed policy • Limited research, inadequate dissemination, inefficient marketing and procurement systems • Fragmented value chain • Lack of price supports and inefficient oil extraction practices • Competing demands for arable land and dominance of staple crops • Shortage of high-quality seeds Historical and Institutional Challenges • Dissolution of Pakistan Edible Oil Corporation in 1979 • Unsustainable trajectory of Pakistan Oilseed Development Board • Reconstitution of board in 2021 but its impact remains marginal Needed Actions • Priority to domestic oilseed production • Punjab Initiatives and National Oilseed Improvement Programme • Subsidized seeds, price supports and tax incentives • Targeted investments in R&D • ...

Source: Oilworld