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Wheat exports registers 100% increase in last five months

byCT Report
23/12/2015
in Business
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ISLAMABAD: Wheat exports from the country during first five months of current financial year registered 100 percent increased as compared to exports of corresponding period of last financial year.

During the period from July-November, 2015, about 1,181 metric tons of wheat worth US$ 0.248 million exported which was 100 up as compared to same period of last year.

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Meanwhile, exports of fresh vegetables grew by 60.30 percent as about 233,244 metric tons of vegetables worth US$ 67.440 million exported as compared to exports of 136,318 metric tons of same period last year.

According the data of Pakistan Bureau of Statistics, meat and meat preparation exports registered growth of 28.46 percent and reached at 31,347 metric tons worth US$ 108.160 million as compared to exports of 27,083 metric tons valuing US$ 84.199 million of same period last year, the data reveled.

During the period from July-November, country earned US$ 27.078 million by exporting spices as about 7,200 metric tons of spices were exported as compared to exports of 6,703 metric tons worth US$ 32.96 million of corresponding period of last year.

However, during the period under review overall food group exports remained on down track as it decreased by 8.08 percent and reached at US$ 1.447 billion as compared the exports of US$ 1.607 billion of same period last year.

On the other hand food group import also decreased by 6.94 percent in first five months of current financial, year as compared to same period of last year.

Imports of food commodities from period July-November, 2015 were recorded at US$ 2.218 billion as compared to the imports of US$ 2.384 billion of same period of last year, the data added.

The commodities which recorded decrease in their exports including wheat by 100 percent, palm oil by 9.65 percent and other food items by 16.48 percent.

The commodities with negative growth in their exports during first five months of current financial year including rice by 6.85 percent, basmati rice by 30.35 percent fish and fish preparation decreased by 10.52 percent.

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