vegetable oil production line low consumption in pakistan

   
vegetable oil production line low consumption in pakistan
                                               
                                               
                                               
                                               
  • vegetable oil production line low consumption in pakistan
  • Why is oil production down 19 percent in Pakistan?
  • Pakistan¡¯s MY 2020/21 total oilseed production is down 19 percent, mainly due to the historically low cotton production of 4.5 million 480-pound bales. MY 2021/22 total oilseed production is projected to increase 13 percent based on an expected increase in cottonseed production.
  • What is the demand for edible oil in Pakistan?
  • The demand of the edible oil is expected to remain robust and expected to increase more in coming Ramzan month. Pakistan is heavily dependent on import of oil seed and edible oil to meet local consumption. Further the exposure to exchange rate movement is also high.
  • How did Pakistan's edible oil market perform in FY20?
  • Pakistan¡¯s edible oil market was recorded at PKR 1,161 million in FY20 registering a YoY growth of 22% (FY19: PKR~950 million). Local consumption was recorded at ~4.9mln MTs in FY20 up ~3% YoY, as (FY19: ~4.7mln MTs).
  • What is the main oil crop grown in Pakistan?
  • Cottonseed is the principal oilseed crop grown in Pakistan, accounting for more than 84 percent of domestic oilseed production. Cotton is a key cash crop and an important input for Pakistan¡¯s textile sector, which is a major contributor to the country¡¯s gross domestic product.
  • Which oil is most consumed in Pakistan?
  • Palm oil has largest share in overall edible oil consumption followed by soybean oil, rapeseed oil and sunflower oil. The demand of the edible oil is expected to remain robust and expected to increase more in coming Ramzan month. Pakistan is heavily dependent on import of oil seed and edible oil to meet local consumption.
  • How much oil will Pakistan import in 2021/22?
  • Pakistan¡¯s Marketing Year (MY) (October/September) 2021/22 edible oil imports are anticipated to be a record 3.7 million metric tons (MMT), up five percent over the previous year to meet increased demand. Palm oil continues to be the major imported oil with imports forecast at 3.6 MMT during MY 2021/22.