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0.17 million tons sunflower oil output likely
KARACHI (April 29
2004): R. Shahnawaz Janjua, Consultant, American
Soybean Association (ASA), said that the
association expects the production of sun seed be
around 450,000 tons in Pakistan which means
availability of around 170,000 tons sunflower oil
this year (January to December 2004).
Addressing a seminar on "the efficient refining of
vegetable oils" organised by American Soybean
Association in collaboration with Pakistan
Vanaspati Manufacturers Association (PVMA) at a
local hotel on Tuesday, he said since Pakistan
have maple crushing capacity in Pakistan and there
is not enough local production of oilseed,
government has motivated the solvent extracting
industry to import oilseeds by reducing the
tariff.
He said the revision in duty structure from the
year 1999-2000 has completely changed the import
scenario of oilseeds.
Pakistan, which was not importing any oilseed
prior to the year 1999, took off at jet speed in
the following years and now the import of oilseeds
have touched around one million tons in the year
2003.
He foresee that in the year 2004 (Jan to Dec
2004), Pakistan market will remain very much
consistent and will maintain the import volume of
around 1.4 million tons from Malaysia and
Indonesia.
Out of this, 75 percent will be RBD palm olien and
balanced will comprise of RBD palm oil and CPO.
However, CPO imports very much depends on the
price differential between RBD palm olien and CPO
ie, minimum of 40 dollars per metric ton.
As far as soft oil is concerned, he said, unless
Pakistan receive any other aid, grant from its
well-wishers, he do not foresee Pakistan importing
more than 100,000 metric ton of soya oil, if the
price difference between palm and soya is more
then 100 dollars.
Asif Nusrat Ansari, Works Manager, Unilever
Private Ltd, also spoke on the occasion.
Courtesy Business Recorder
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Pakissan.com; Advisory Point
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