Palm oil worth $ 1.888bn, soyabean $ 125.181mn imported in 11 months of FY 2017-18

ISLAMABAD: Palm oil worth US$ 1.888 billion and soyabean worth US$ 125.181 were imported into the country during 11 months of financial year closed on June 30, 2018 to fulfill the domestic requirements as compared the corresponding period of last year.

The imports of the above mentioned commodities including palm oil grew by 8.14 percent, where as soyabean by 11.24 percent respectively during the period under review, according the data of Pakistan Bureau of Statistics.

During the period from July-May, 2017-18, 2,619,837 metric tons of palm oil worth US$ 1.888 billion imported as compared the Imports of 2,408, 723 metric tons of same period last year.

Meanwhile, country spent US$ 125.181 million on the import of about 143,343 metric tons of soyabean, which was recorded at 104,245 metric tons in the same period of last year.

During the period from July-May, 2017-18, food commodities worth US$ 5.717 billion were imported as compared the import of US$ 5.566 billion of corresponding period last year.

It is worth mentioning here that exports of food commodities during month of May increased by 44.46 percent as compared the exports of same month of last year as the country earned US$ 508.780 million by exporting different food products from the country.