Pakistan Food group imports register significant decline in FY 2019-20
ISLAMABAD - Pakistan Food group imports into the country during the first two months of current financial year reduced by 28.81% as compared to the corresponding period of last year.
According to the data released by the Pakistan Bureau of Statistics, food group imports came down from $952.717 million in first two months of last financial year to $697.340 million.
During the period from July-August, 2019, imports of milk, cream and milk food for infants reduced by 40.89% as 7,981 metric tons worth $21.014 million were imported as compared the imports of 13,300 metric tons valuing at $35,551 million in the same period last year.
Tea imports decreased by 35.38% as about 27,403 metric tons worth $66.342 million were imported as compared to the imports of 37,431 metric tons valuing $100.954 million of the corresponding period of last year.
During the period under review, spices imports also came down by 6.23%, as about 22,396 metric tons of spices valuing $27.172 million were imported as compared to imports of 27,608 metric tons worth $28.976 million in the same period of last year.
However, in the first two months of current financial year imports of soya bean oil witnessed unprecedented increase of 122.45% as about 33,225 metric tons of soya bean oil worth $23.164 million was imported as against the import of 13,453 metric tons valuing of $10.413 million in the same period of last year.