July-November palm oil import down 10 percent

The country's palm oil import slumped by 10 percent to $720.383 million in July-November 2015, official figures said.Palm oil import decline stood at $76.939 million in July-November 2015 as compared to $797.322million in July-November 2014, Pakistan Bureau of Statistics said.In terms of quantity, palm oil import soared by 18.11 percent or 179, 499 tons to 1,170,712 tons in July-November 2015 from 991,213 tons in July-November 2014, according to PBS.In November 2015, palm oil import declined by 22 percent or $33.883 million to $121.455 million from $155.338 million in November 2014.Palm oil import volume grew by 0.12 percent or 246 tons to 212,491 tons in November 2015 from 212,245 tons in November 2014.Import of soybean oil shot up by 140.25 percent or$49.927 million to $85.525 million in July-November 2015 from $35.598 million in July-November 2014.Import volume of soybean oil mounted by 161.28 percent or 58, 878 tons to 95,384 tons in July-November 2015 from 36,506 tons in July-November 2014.In November 2015, import of soybean oil rose by 1481.40 percent or $15.851 million to $16.921 million from $1.070 million in November 2014.Soybean oil import volume increased by 2071.41 percent or 22,610 tons to 23,701 tons in November2015 from 1,091 tons in November 2014.News SourceNews Collated byPAKISSAN.com