Pakistan's palm oil imports are likely to increase by 20% in the next two months

Introduction: Karachi, Dec 3: in the next two months, Pakistan's palm oil import is likely to increase by 20% compared with the average monthly import of 100000 tons in order to meet the growing demand of neighboring Afghanistan, industry officials told Dow Jones on Monday Pakistan's imports from Malaysia are expected to increase by 15000 to 20000 tons in the next two months, said Shaikh Abdul Rauf, vice president of Pakistan's oilseed processing Association (pvma) Pvma is also the highest group in Pakistan's edible oil industry He said the winter is coming and that imports are expected to increase Pakistan holds three million Afghan refugees Thousands of Afghan refugees have recently fled to the Pakistani border to escape the US led military attack on the Taliban But Rauf said imports would not exceed 150000 tons a month, even taking into account increased demand in Afghanistan He said the country's oil seed production helps meet Pakistan's 1.9 million tons of edible oil demand each year "I expect imports to average 115000 to 120000 tons a month," he said He said the output of cottonseed oil will reach 400000 tons, the same as last year Cottonseed oil accounts for 60% of the local oil Pvma said in a statement that imports reached 137000 tons in November, but this was due to Muslim Ramadan, so it was an exception Ramadan is usually the peak of oil consumption every year The statement is published in the local newspaper every Sunday Local palm oil prices fell 3.9 percentage points in the week to the end of Monday, at 1330 Pakistani rupees per maund, as local stocks remained high Rauf said soybean oil imports also continued to be sluggish this year as the United States donated soybean oil to Pakistan Last year, the United States allocated 75000 tons of soybean oil and 165000 tons of soybeans to Pakistan as food aid Pakistan trading company, as a national commodity company, has been auctioning 10000 to 15000 tons of soybean oil every month Until last month, the company sold 40000 tons of American donated soybean oil in the local market (author:) share to feed Weibo share to: