By Anzal Amin
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.
In terms of quantity, the soyabean oil imports increased from 65,943 metric tons to 72,776 metric tons, showing an increase of 10.36 percent.
Meanwhile, on year-on-year basis, the palm oil imports increased by 39.63 percent in March 2021 as compared to the imports of February 2020. The palm oil imports were recorded at $275.550 million in March 2021 against the imports of $197.346 million in March 2020, the PBS data revealed.
On month-on-month basis, the palm oil imports into the country increased by 26.66 percent in March 2021 when compared to the imports of $217.551 million in February 2021.
