Pulses import slumps by 47pc

RECORDER REPORT

KARACHI: Pulses import slumped to $442.731 million in July-April 2017-18, lower by 47 percent, official figures say.

The fall in pulses import now stands at $392.575 million in July-April 2017-18 from $835.306 million in July-April 2016-17, Pakistan Bureau of Statistics shows.

In term of quantity, pulses import falls to 576,916 metric tons in July-April 2017-18, down by 495,900 metric tons or 45.15 percent, from 1,072,816 metric tons in July-April 2016-17.

In April 2018, the country imported $34.803 million of pulses comparing to the commodity’s import of $112.648 million in April 2017, lower by 77.845 million or 69.10 percent.

Import volume of pulses also plunged to 40,170 metric tons in April 2018 comparing to the commodity’s import of 160,277 metric tons in April 2017, lower by 120, 107 metric tons or 75 percent.

Traders say the global price decline has reduced the pulses import.