Food import soars 24 percent to $440 million in August

KARACHI: Pakistan’s food import bill increased by 23.7 percent to $440.055 million in August 2011 from $355.614 million in the same month last year, shows a data report of the Federal Bureau of Statistics.

The country imported milk and cream, dry fruit, tea, spices, soybean oil, palm oil, sugar and pulses.
Food exports increased 34 percent in August this year to $281.502 million from $209.910 million in the corresponding period last year.

The country exported rice, seafood, fruit and vegetables, tobacco, wheat, spices, oils and meat.
Export of vegetables and fruit rose 64 percent and 41 percent, respectively, in the first month of the current financial year.

During August 2011, fruit export rose to $24.532 million from $14.357 million in August last year.
Export of vegetables increased 181 percent to $7.527 million in August from $2.677 million in the same period last year.

Fruit export stood at $274.674 million during 2010-11, up by 19 percent from 2009-10 exports of $230.495 million.

Pakistan exported leguminous vegetables (pulses) worth $150,000 in August this year. There had been no export of pulses in August last year. Pulses export rose 57 percent in last financial year to $185.253 million from $117.863 million in 2009-10.

Export of fish species increased 21 percent to $17.998 million in August from $14.904 million in August last year.

Rice export from the country decreased by 7.44 percent to $118.724 million in August 2011 from $128.273 million in August last year. Export of basmati declined around 24 percent, while IRRI-6 and other varieties increased by 8 percent.

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