ARTICALS 3 #export

Cooking oil prices in Pakistan’s retail market have hit a 15-month high. The surge comes on the back of rising palm oil import costs, which have pushed domestic prices higher.

The hike in import duties by the world's largest importer of edible oils could lift local vegetable oil and oilseed prices, while potentially dampening demand and reducing overseas purchases of palm oil, soyoil, and sunflower oil.

As indicated in the latest market research report published by IMARC Group, titled "India Spices and Seasonings Market Report by Product (Salt and Salt Substitutes, Herbs, Spices), Application (Meat and Poultry Products, Snacks and Convenience Food, Soups, Sauces and Dressings, Bakery and Confectionery, Frozen Products, Beverages, and Others), and Region 2025-2033," this report provides an in-depth analysis of the industry, featuring insights into the market.

This year’s ample monsoon rains are poised to deliver an abundant harvest.“Our top priority is making sure we have enough food,” a senior government official told Reuters, declining to be named because he was not authorised to speak with the media.“But since we have way more rice than we actually need for that, we’ve decided to use some of it for ethanol production,” the official said.The state-run Food Corporation of India (FCI) has allocated a record 5.2 million metric tonnes of rice for ethanol, equivalent to nearly 9% of global rice shipments in the 2024/25 marketing year ending in June.In the previous year, less than 3,000 tonnes of FCI rice went into ethanol.FCI buys nearly half of India’s rice crop and currently has reserves, including unmilled paddy, of a record 59.5 million metric tonnes on June 1, far exceeding the government’s target of 13.5 million tonnes for July 1.