Food imports drop 9.85% in 10 months

MG News | May 20, 2019 at 03:10 PM GMT+05:00
May 20, 2019: The country's food imports dropped by 9.85% to $4.7 billion in first 10 months of current fiscal year against the imports of $5.216 billion recorded during same period of the year 2017-18.
The detail shows that import of palm oil witnessed a sharp decrease of 10.99% during July-April (2018-19) as it went down to $1.54 billion from $1.73 billion in July-April (2017-18).
Similarly, import of pulses also fell to $432.54 million in the corresponding period of current fiscal year against the import worth of $442.7 million in same period of last year thus showing a decrease of 2.3%.
According to trade data released by Pakistan Bureau of Statistics (PBS) on Monday, the tea import however recorded a nominal increase of 0.61% as the country imported $495.957 million worth of tea during first 10 months of current fiscal year while during same period of last year, the tea import stood at $492.966 million.
The import of milk, cream and milk food also witnessed a decline of 10% to $199 million from $221.26 million in same period of last year, whereas the import of dry fruits and nuts also plunged to $37.89 million in July-April (2018-19) against the import worth of $97.1 million in same period of the preceding year.
Spices' import during the period under review stood at $129.3 million against $136.8 million worth of import during same period of last year thus showing a decline of 5.5%.
Likewise, the import of soybean oil also declined sharply by 34.3% to $79.12 million from $120.4 million while the import of sugar decreased by 25.46% to $3.24 million against the import worth of $4.35 million in July-April (2017-18).
The import of other miscellaneous food commodities also went down by 9.41% to $1.786 billion in first 10 months of current fiscal year against the import of $1.97 billion in same period of last year.
On yearly basis, the import of food commodities and products dropped to $441.088 million in April 2019 against $485.86 million in same month of last year, showing a decrease of 9.22% whereas on monthly basis the import showed a growth of 12.3% as the imports during March 2019 stood at $392.824 million.
(APP)
Related News
Name | Price/Vol | %Chg/NChg |
---|---|---|
KSE100 | 136,379.97 273.10M |
0.32% 440.10 |
ALLSHR | 84,648.35 701.94M |
0.06% 47.97 |
KSE30 | 41,546.23 70.12M |
0.42% 172.55 |
KMI30 | 191,719.76 71.30M |
0.34% 649.79 |
KMIALLSHR | 55,827.74 371.98M |
0.16% 89.67 |
BKTi | 37,827.61 18.93M |
-1.72% -662.14 |
OGTi | 27,670.67 7.41M |
-0.42% -117.47 |
Symbol | Bid/Ask | High/Low |
---|
Name | Last | High/Low | Chg/%Chg |
---|---|---|---|
BITCOIN FUTURES | 119,170.00 | 119,660.00 117,255.00 |
2430.00 2.08% |
BRENT CRUDE | 68.22 | 69.09 68.19 |
-0.49 -0.71% |
RICHARDS BAY COAL MONTHLY | 96.50 | 0.00 0.00 |
1.80 1.90% |
ROTTERDAM COAL MONTHLY | 104.50 | 0.00 0.00 |
-1.05 -0.99% |
USD RBD PALM OLEIN | 998.50 | 998.50 998.50 |
0.00 0.00% |
CRUDE OIL - WTI | 65.93 | 67.01 65.89 |
-0.59 -0.89% |
SUGAR #11 WORLD | 16.60 | 16.65 16.55 |
0.04 0.24% |
Chart of the Day
Latest News
Top 5 things to watch in this week
Pakistan Stock Movers
Name | Last | Chg/%Chg |
---|
Name | Last | Chg/%Chg |
---|