Pakistan imports 75% of its palm oil from Indonesia and 25% from Malaysia, under the Preferential Trade Agreement (PTA) and Free Trade Agreement (FTA) respectively. According to trade map, the global average per ton cost of palm oil is US$ 1050, which makes it the cheapest of the edible oils.
Which oil is used in Pakistan?
Cottonseed, the primary contributor at 52%, is often blended with other oils due to its low oil content and higher saturated fats. Currently Pakistan has 585.50 Hectares mustard cultivated land, with the production of 17.16 mund/acre in most parts of Pakistan. Mustard and Rapeseed contribute 32% of the total domestic oil produce.
Why is Pakistan the fourth-largest importer of edible oil?
In defiance of Pakistan being an agricultural country, it has surprisingly become the fourth-largest importer of edible oil globally. The fiscal year 2021-22 witnessed an import bill of $4.5 billion, primarily driven by increased consumption and fluctuations in the international edible oil market.
Who is Faisalabad oil refinery?
Company Profile Our Philosophy Our People Manufacturing Iso Certification Faisalabad oil refinery (private) limited ¡°FOR¡± is the first Pakistani edible oil company which prides itself in installing the latest and most modern European physical refinery plant in Pakistan. for Edible Oil processing.