MARKET DEVELOPMENT
Palm Oil Imports Fall 10.11% To $1.700Bn
Palm Oil Imports Fall 10.11% To $1.700Bn
08/06/2013 (PakTribune.com) - Palm oil imports decreased by 10.11 percent during the first ten months of the current fiscal year against the corresponding period of last year.
The total palm oil imports into the country were recorded at $1.700 billion during July-April 2012-13 against the imports of $1.891 million in July-April 2011-12, according to the latest data of Pakistan Bureau of Statistics (PBS).
On the other hand, on year-on-year basis, the palm oil imports into the country decreased by 9.51 percent in April 2013 when compared to the imports of April 2012.
Palm oil imports during April 2013 stood at $156.797 million against the imports of $173.280 million in April 2012, the PBS data revealed. On month-on-month basis, the palm oil imports however witnessed positive growth of 18.90 percent in April 2013 when compared to the imports of $131.878 million in March 2013.
Meanwhile the soyabean imports into the country during the first ten months of the current fiscal were recorded at $58.681 million against the imports of $42.051 million, showing increase of 39.55 percent.
The total palm oil imports into the country were recorded at $1.700 billion during July-April 2012-13 against the imports of $1.891 million in July-April 2011-12, according to the latest data of Pakistan Bureau of Statistics (PBS).
On the other hand, on year-on-year basis, the palm oil imports into the country decreased by 9.51 percent in April 2013 when compared to the imports of April 2012.
Palm oil imports during April 2013 stood at $156.797 million against the imports of $173.280 million in April 2012, the PBS data revealed. On month-on-month basis, the palm oil imports however witnessed positive growth of 18.90 percent in April 2013 when compared to the imports of $131.878 million in March 2013.
Meanwhile the soyabean imports into the country during the first ten months of the current fiscal were recorded at $58.681 million against the imports of $42.051 million, showing increase of 39.55 percent.