Edible oil imports by Pakistan, including soyabean and palm oil, increased significantly in the first half of the current marketing year, according to the country’s Bureau of Statistics.
During the period of July-December 2017, soyabean imports into Pakistan totalled approximately 114,234 tonnes at a value of US$102.163M, marking a 76.16% increase from the 38,766 tonnes and US$57.993M in the same period year-on-year, UrduPoint reported on 29 January.
Palm oil imports on their part grew 23.01% to 1.418M tonnes valued at US$1.037bn from 1.212M tonnes with a value of US$843.3M year-on-year.
On a month-to-month basis, in December 2017, soyabean imports were up 428.74% at 4,888 tonnes valued at US$3.643M when compared to 921 tonnes at US$689,000 in December 2016.
However, palm oil imports decreased 1.04% on a monthly basis, falling from 244,538 tonnes valued at US$173.356M in December 2016.