Pakistan palm oil imports

Pakistan palm oil imports

KARACHI, Pakistan (Reuters): Pakistani imports of palm oil are likely to rise amid high demand ahead of the Moslem fasting month of Ramadhan falling in January and low prices abroad, dealers said on Saturday.

"Low prices and high stocks position in Malaysia would encourage Pakistani mills and importers to import as much as they can ahead of Ramadhan when consumption rises by at least one and a half times," dealer Ziaul Haq of Saulat Enterprise said.

He said domestic prices were steady but cottonseed oil prices were on the rise on low supply. Low cottonseed oil supply should further encourage imports.

But he said high soybean oil prices in the international markets will keep its imports low.