AIRLINK 186.31 Increased By ▲ 1.39 (0.75%)
BOP 10.28 Increased By ▲ 0.67 (6.97%)
CNERGY 7.53 Increased By ▲ 0.27 (3.72%)
FCCL 37.01 Increased By ▲ 0.58 (1.59%)
FFL 14.66 Increased By ▲ 0.32 (2.23%)
FLYNG 24.39 Increased By ▲ 0.11 (0.45%)
HUBC 129.30 Increased By ▲ 2.89 (2.29%)
HUMNL 13.51 Increased By ▲ 0.71 (5.55%)
KEL 4.45 Increased By ▲ 0.16 (3.73%)
KOSM 5.98 Increased By ▲ 0.04 (0.67%)
MLCF 43.42 Increased By ▲ 1.15 (2.72%)
OGDC 200.97 Increased By ▲ 2.46 (1.24%)
PACE 6.07 Decreased By ▼ -0.01 (-0.16%)
PAEL 39.65 Increased By ▲ 1.90 (5.03%)
PIAHCLA 16.93 Decreased By ▼ -0.16 (-0.94%)
PIBTL 7.81 Increased By ▲ 0.07 (0.9%)
POWER 9.01 Decreased By ▼ -0.21 (-2.28%)
PPL 171.88 Increased By ▲ 3.79 (2.25%)
PRL 34.71 Increased By ▲ 1.96 (5.98%)
PTC 22.35 Decreased By ▼ -0.07 (-0.31%)
SEARL 105.16 Increased By ▲ 3.28 (3.22%)
SILK 1.07 No Change ▼ 0.00 (0%)
SSGC 35.33 Decreased By ▼ -0.20 (-0.56%)
SYM 17.52 Decreased By ▼ -0.40 (-2.23%)
TELE 8.25 Increased By ▲ 0.08 (0.98%)
TPLP 11.70 No Change ▼ 0.00 (0%)
TRG 66.23 Increased By ▲ 0.11 (0.17%)
WAVESAPP 11.75 Decreased By ▼ -0.04 (-0.34%)
WTL 1.53 No Change ▼ 0.00 (0%)
YOUW 3.70 Decreased By ▼ -0.09 (-2.37%)
BR100 11,738 Increased By 128.2 (1.1%)
BR30 34,641 Increased By 524.7 (1.54%)
KSE100 111,378 Increased By 1055 (0.96%)
KSE30 34,797 Increased By 386.1 (1.12%)

The palm oil market is seeing significant shifts. For Pakistan, the focus remains on import costs and domestic consumption. Recent data from the Pakistan Bureau of Statistics shows a sharp rise in palm oil import prices. Unit prices climbed to nearly $1,000 per ton in November 2024 from below $900 earlier in the year. Despite higher costs, imported quantities remain close to historical levels. Smuggling-related disruptions seem minimal. Retail cooking oil prices in Pakistan also appear to have bottomed out, at least for now.

Globally, Malaysia’s palm oil stockpiles fell for the second consecutive month in November. Stocks declined by 2.6 percent to 1.84 million metric tons. Crude palm oil production dropped 9.8 percent to 1.62 million tons, the lowest November level since 2020. Adverse weather disrupted harvesting and transport. Exports fell 14.7 percent to 1.49 million tons due to weak demand and global uncertainties.

Benchmark futures have surged to their highest levels in about 2.5 years. Tightening supply and production shortfalls in key exporting nations are driving prices higher. For Pakistan, decisions by Indonesian and Malaysian authorities on export quotas and restrictions will be critical. These will shape price trends for the first quarter of 2025. Indonesia’s recent increase in export levies to ensure domestic supply has added to global price volatility. Still, Pakistan’s market remains relatively stable.

The horrors of three years ago, when supply chains were severely disrupted, seem distant. All appears under control as long as the currency continues to behave as it has over the past year. Policymakers in importing nations like Pakistan must stay vigilant. Climate risks and global price fluctuations remain key concerns. December’s figures and export policy decisions from key producers will likely determine the market’s direction in the months ahead.

Comments

200 characters
KU Dec 27, 2024 09:56am
Where is the paragraph 'agriculture is the backbone of country n if or would or could of growing oil seeds crops, we would be self-sufficient'? It's a sorry tale for an already over populated country.
thumb_up Recommended (0) reply Reply
AZ Dec 27, 2024 11:30am
Barter system with indonesia and Malaysia should be explored.
thumb_up Recommended (0) reply Reply
Khan Dec 28, 2024 05:09pm
@AZ, Can the surge in prices be tackled by doing this?
thumb_up Recommended (0) reply Reply
Az_Iz Dec 31, 2024 09:36pm
Need to focus on healthy eating habits. Lower consumption of cooking oil is bad for health and your pockets.
thumb_up Recommended (0) reply Reply
Az_Iz Dec 31, 2024 09:37pm
Food habits need to change. Preparing dishes soaking in inch deep oil is bad for health and your pockets.
thumb_up Recommended (0) reply Reply