Imports of soyabean increase 101.96pc, palm 44.64pc

ISLAMABAD  – Edible oil imports including soyabean and palm into the country during last 10 months of current financial year increased by 101.96% and 44.64% respectively as compared to imports of the corresponding period of last year.
During the period from July-April, 2021-22, country spent $3.098 billion on the import of palm oil in order to tackle with the domestic requirements of edible oil as compared to imports of $2.142 billion of same period last year.
In last 10 months, over 2,510,417 metric tons of palm oil was imported as against the import of 2,718,664 metric tons of same period of last year, according the data of Pakistan Bureau of Statistics.
Meanwhile, 94,080 metric tons of soyabean oil valuing $126.013 million was imported as compared to imports of 86,077 metric tons worth $62.395 million of same period last year.
On month on month basis, the soyabean oil imports into the country during April, 2022 decreased by 49.03% and palm oil increased by 61.55% as compared the same month of last year.
In April 2022 about 7,658 metric tons of soyaben oil valuing $12.440 million was imported as compared to imports of 18,493 metric tons worth of $24.408 million same month of last year.
During the month of April, about 16,220 metric tons of soyabean oil valuing $22.730 million was also imported to fulfill the local demands as compared to imports of 13,300 metric tons of same month last year.

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