Pakistan to Buy More Palm Oil, Rapeseed to Meet Ramadan Demand
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Pakistan, the world’s third-biggest importer of palm oil, will increase purchases of the vegetable oil and rapeseed from overseas this year as demand climbs during the holy month of Ramadan, a refiners’ group said.
Imports of palm oil may climb to as much as 1.85 million metric tons from 1.75 million tons in 2009, Rasheed Janmohammad, vice chairman of the Pakistan Edible Oil Refiners Association, said in a phone interview from Karachi. Incoming shipments of rapeseed may jump 20 percent to 1.2 million tons, he said.