Palm oil imports fall in January

ISLAMABAD: The Palm oil imports into the country during January 2011 decreased by 12.60 percent as compared to the imports of December 2010.

However, as compared to the imports of the January last year, the palm oil imports increased by 64.13 percent during the month under review, Federal Bureau of Statistics (FBS) reported.

The palm oil imports into the country were recorded at US$ 165.282 million in January 2011 against the imports of US$189.109 million in December 2010 and US$100.703 million in January 2010.

The overall imports of the palm oil during the first seven months of the current fiscal year increased by 61,12 percent, according to FBS data.

Imports into the country during the period were recorded at US$1.093 billion against the imports of US$ 678.548 million during the corresponding period of last year.