ISLAMABAD: Imports of edible oil in the country including soyabean and palm oil registered decrease during the financial year 2014-15 as compared to corresponding period of last year.
According the data of Pakistan Bureau of Statistics (PBS), palm oil import reduced by 6.46 percent where as soyabean oil witnessed 51.93 percent decrease in its import during financial year 2014-15.
During the period from July-June 2014-15, palm oil import decreased by 6.46 percent and was recorded at 2,396 million tons valuing US$ 1.779 billion as compared to imports of 2,264 million tons costing US$ 1.90 billion of fiscal year 2013-14.
During the period under review, imports of soyabean oil also reduced by 51.93 percent and recorded at 56,176 metric tons costing US$ 56.309 million as compared to imports of 118,093 metric tons valuing US$ 117.150 million during financial year 2013-14.
Meanwhile, on month on month basis, the import of palm and soyabean oil also decreased by 18.37 percent and 69.84 percent respectively during the month of June as compared to the same moth of last financial year, the data reveled.
However, import of tea during last financial year increased by 13.58 percent as about 152,243 metric tons of tea costing US$ 340.820 million import to fulfill the domestic requirement of the commodity during the period.
During the same period of financial year 2013-14, the tea import was recorded at 133,145 metric tons valuing US$ 300.82 million, the data reveled.
During financial year 2014-15, food group import in the country witnessed 18.48 percent increase as country spent over US$5.027 billion on the import of different food items including milk, cream and milk for infants and other commodities.