News

Pakistan: Imports of soyabean, palm oil decreased by 49.95pc, 34.14pc

RBD Palm Oil
Published Feb 23, 2024

Tridge summary

Pakistan has seen a significant decrease in its imports of edible oil, including soyabean and palm, by 49.85% and 34.14% respectively in the first seven months of the current financial year, compared to the same period last year. Additionally, sugar imports have also dropped by 42.75%. Despite this, the country has experienced a growth in food group exports by 57.66% during the same period.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Edible oil including soyabean and palm imports into the country during the first 7 months of the current financial year de­creased by 49.85 percent and 34.14 percent, respectively, as compared to the imports of the corresponding period of last year. During the period from July-January, 2023-24 about 91,950 metric tonnes of soyabean oil valued at $99.990 million were imported as compared to the im­ports of 136,870 metric tonnes costing $199.386 million of the same period of last year, according to the data of Pakistan Bureau of Statistics. During the period under review, over 1.735 million tonnes of palm oil worth $1.611 billion were im­ported as compared the imports of 1.927 metric tonnes valued at $2.446 billion of the same period of the last year, it added. Meanwhile, the sugar imports into the country also decreased by 42.75 percent as about 2,260 metric tonnes of sugar valued at $2.10 million were imported as com­pared to the imports of 4,332 metric tonnes worth $3.67 million ...
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