Imports of soyabean, palm oil reduce 9.58%,16.28% in six months.

ISLAMABAD -- The imports of edible oil including palm and soyabean into the country during firs half of current financial year, reduced by 9.58% and 16.28% respectively as compared to the imports of the corresponding period of last year.

During the period from July-December, 2019-20 palm oil import into the country was recorded at $842.418 million as against $931.661 million of same period of last year.

During the period under review, about 1,516,181 metric tons of palm oil imported in the first half of current financial year as compared to the imports of 1,449,101 metric tons of same period of last year. The imports of soyabean oil also reduced by 16.28% and it was recorded at 59,278 metric tons valuing $40.817 million as against 65,854 metric tons costing $48.756 million of same period of last year. During the period under review, country also imported about 510,506 metric tons of pulses valuing $245.671 million as against 525,624 metric tons valuing $287.827 million of same period of last year.

It may be recalled here that food group exports from the country during first half of current financial year, witnessed about 10.26%...