Edible Oil Including Soybean, Palm Imports Grew 42.99%, 30.57%

ISLAMABAD, (UrduPoint / Pakistan Point News - 30th Nov, 2020 ) :Edible oil including soybean and palm into the country during first four months of current financial year increased by 42.99% and 30.57% respectively as compared the exports of the corresponding period of last year.

During the period from July to October 2020-21, about 72,631 metric tons of soybeans costing $48.168 million imported as against the import of 48, 489 metric tons valuing $33.687 million of same period of last year.

According the data of Pakistan Bureau of Statistics, during the period under review about 1,049,134 metric tons of palm oil worth of $661.445 million imported as against the import of 929,331 metric tons valuing $506.586 million of same period last year.

During the period under review imports of palm oil into the country witnessed about 30.

57% increase as against the imports of the same period of last year, it added.

It is worth mentioning here that in last four months of current financial year food group imports into the country grew by 43.49 percent as different food commodities costing $2.272 billion imported as against the imports of 1.583 billion of the same period of last year.

On the other hand, food group exports from the country during the period review went down by 16.77 percent as it was recorded at $1.331 billion from July-October, 2020 as compared to $1.359 billion of the corresponding period of last year.

On month on month basis, the exports of food commodities post 13.42 percent reduction in month of October, 2020 as compared the same month of last year, whereas imports into the country during the period under review grew by 15.14 percent