vegetable oil refined project in pakistan

                                               
                                               
                                               
                                               
                                               
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  • 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 largest operating oil refinery in Pakistan?
  • PARCO¡¯s Mid-Country Refinery (MCR) is the largest operating oil refinery in Pakistan. The refinery is equipped with 46 tanks to store Crude Oil, intermediate feed stocks, and finished products, besides other specific areas of the refinery.
  • 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.
  • How much does edible oil cost in Pakistan?
  • Average local price of edible oil during FY21 is recorded at PKR~345/kg as compared to PKR~275/kg during FY20 (YoY Growth: 25%). With a per capita consumption of 22kg, Pakistan is the world¡¯s 8th largest consumer of edible oil.
  • 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.
  • How is edible oil demand met in Pakistan?
  • Local edible oil demand is met through both crushing of oil seeds and import of cooking oil. Cottonseed is the principal oilseed crop grown in Pakistan, accounting for an average of ~87% of domestic oilseed production in the last 5 years. Cottonseed demand is met through local produce only.