Pakistan expects to boost olive oil production

Published Sep 2, 2022

Tridge summary

Pakistan is planning to increase olive oil production to decrease reliance on imported liquid oils. The country has suitable areas for olive tree growth and has the potential to export olives and processed products if cultivated on an industrial scale. Pakistan spends about $3.5 billion on vegetable oil imports each year. Growing more olives in Pakistan could reduce olive oil imports, create jobs, and improve living conditions for farmers. Extra virgin olive oil produced in Pakistan is of similar quality to that of Spain and Italy, the world's largest producers and exporters of this product.

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Original content

Pakistan expects to increase olive oil production and direct additional investments in the development of this sector in order to reduce dependence on imported liquid oils. As the representative of the Investment Council told WealthPK, there is a great potential for olive production in the country, since there are areas suitable for growing olive trees in Pakistan. “Pakistan can also export olives and processed products if the raw materials are grown on an industrial scale,” the source said. A local official said that Pakistan buys about $3.5 billion worth of vegetable oil annually. people,” he said. Pakistan traditionally imports rapeseed, sunflower, soybean and olive oil, said Abdur Rehman, a senior fellow at the Agricultural Training Institute in Peshawar. “Growing more olives in the country will reduce ...

Source: Oilbranch