Edible oil import jumps 26 per cent in Pakistan
Pakistan Times Business & Commerce Desk

KARACHI: Import of edible oil in Pakistan has jumped by 26.42 per cent in February as compared to the figures recorded in January.

According to the figures, import of edible oil in February were at 87,290 tonnes as compared to 69,050 tonnes recorded in January.

Due to the increase in the import, prices of edible oil in the local market were stabled.

During the last week, prices of imported RBD palm oil were stood at Rs1,600 per maund and RBD Palm Olein at Rs1,585 per maund in Karachi while indigenous Cotton Seed oil was quoted at Rs1,710 per maund, Canola Oil at Rs1,775 per maund and Rapeseed Oil was at Rs1,940 for 40 kg in Multan.

At the moment, vessels Gertrude is discharging around 6,500 tonnes palm olien at Karachi port and Siam Sathaporn is discharging 4,800 tonnes palm olien at Port Qasim.

For Pakistan, vessels Jian She 36 carrying around 9,000 tonnes palm olien, Chemrose carrying around 4,000 tonnes palm fatty acid, Gemini carrying around 28,000 tonnes palm olien, Chemroad Vega carrying 8,000 tonnes palm olien and Docomo carrying 23,000 tonnes palm olien are in the high seas for Pakistan.

Their expected times of arrival in the Pakistani waters are March 6, 8, 9 and 13 respectively.

In Malaysia, Bow Puma is under loading for around 15,000 tonnes palm olein and Tirata Niaga for 6,000 tonnes palm olien.●