Palm oil imports increase 34.83pc to $1.86b in 3 quarters

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Islamabad

The palm oil imports into the country increased by 34.83 percent during the first three quarters of the current fiscal year against the imports of the same period of last year.

The palm oil imports during July-March (2020-21) were recorded at $1860.935 million against the imports of $1380.245 million during July-March (2019-20), showing increase of 34.86 percent, according to latest data of Pakistan Bureau of Statistics (PBS).

In terms of quantity, Pakistan imported 2,443,293 metric tons of palm oil during the period under review as compared to the imports of 2,277,022 metric tons last year, showing increase of 7.3 percent.

On the other hand, the soyabean oil imports also increased by 6.72 percent by going up from $45.286 million last year to $48.327 during the current fiscal year.—APP