Palm oil imports fall by 20 per cent

Saturday, January 09, 2010
ISLAMABAD: Palm oil imports into the country declined by 19.90 per cent during the first five months of current financial year as against the corresponding period of last year.

Palm oil imports during July-November (2009-10) were recorded at $470.544 million against the imports of $637.219 million during July-November (2008-09), according to provisional figures provided by Federal Bureau of Statistics.





Palm oil imports during the month of November 2009 also witnessed negative growth of 19.94 per cent as compared to the imports of October 2009. Imports of the commodity during November were registered at $97.059 million as against the imports of $121.236 during October 2009.

On the other hand, the imports of soyabean oil during July-November (2009-10) reported negative growth of 76.06 per cent as compared to the imports of corresponding period of last year.

Soyabean imports were recorded at $3.001 million during the period under review as against the imports of $13.429 million during July-November 2008-09, the figures revealed.