Record decline in edible oil imports in the country on monthly basis - Money

Report decline in edible oil imports within the nation on month-to-month foundation – Cash

Economy By Aug 30, 2023 No Comments



The import of edible oil within the nation has recorded a decline within the first month of the present monetary yr.

Based on the info launched by the Pakistan Bureau of Statistics, palm oil imports decreased by 5.40 p.c and soybean oil imports decreased by 6.82 p.c in July.

Based on statistics, 12575 metric tons of soybean oil was imported in July 2023, on which overseas change of 14.595 million {dollars} was spent. In July final yr, 11,000 metric tons of soybean oil was imported for which overseas change value 15.809 million {dollars} was spent.

Equally, 277801 metric tons of palm oil import was recorded in July, on which overseas change was spent at 278.93 million {dollars}.

In July final yr, 194,081 metric tons of palm oil had been imported, with overseas change spending of $299.39 million. It ought to be famous that within the first month of the monetary yr, a big lower of 18.13% has been recorded within the imports of meals gadgets on annual foundation.



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