edible and palm oil refinery plant in pakistan

   
edible and palm oil refinery plant in pakistan
                                               
                                               
                                               
                                               
  • edible and palm oil refinery plant in pakistan
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).

Which is the largest edible oils refinery in Pakistan?

It is the largest Edible Oils Refinery in Pakistan. MEO Refinery was commissioned for commercial production in April, 2006 and was formally inaugurated by the President of Pakistan on 25th July, 2006.

Where does Pakistan import palm oil?

Refined palm oil accounts for ~98% of Pakistan¡¯s total edible oil imports and is sourced mainly from Malaysia and Indonesia. Pakistan is the fourth-largest importer of palm oil globally, and it is forecast to import ~3.6mln MT of palm oil in FY22, according to the USDA.

Why is Pakistan a major importer of refined palm oil?

Although Pakistan¡¯s duty structure is designed to facilitate oilseed imports through reduced tariffs and fees as a means of shifting value addition to the domestic oil production industry but still the country is one of the world¡¯s largest importers of refined palm oil.