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Import of soyabean oil slips by 32.85%, palm oil surges by 12.8%

Import of soyabean oil slips by 32.85%, palm oil surges by 12.8%

ISLAMABAD: Imports of edible oil including soyabean oil and palm oil into the country during previous financial year (2016-17) decreased by 32.85 percent and increased by 12.85 percent respectively as compared the corresponding period of last year.

According the data of Pakistan Bureau of Statistics, soyabean imports into the country during 12 months of financial year 2016-17 decreased by 32.85 percent as compared the same period of last year. During the period from July-June, 2016-17, about 87,280 metric tons of soyabean oil worth $122.785 million imported as compared the import of 141,014 metric tons valuing $182.859 million of same period last year, it added.

However, during previous financial year, imports of palm oil into the country increased by 12.77 percent and it was recorded at 2,628,253 metric tons worth of $1.905 billion as against the imports of 2,719,179 metric tons valuing $1.689 billion of same period last year.