Infant food imports slump by 7.27%

BusinessInfant food imports slump by 7.27%

ISLAMABAD, Pakistan: The food imports for infants witnessed decline of 7.27 percent during the fiscal year 2016-17 when compared to the last year.

The imports of the milk, cream and milk food for infants was recorded at $258.533 million during July-June (2016-17) compared to the imports of $278.797 million during July-June (2015-16), according to official data.

Overall food imports into the country during the last fiscal year witnessed increase of 13.92 percent by growing from $5388.608 million to $6138.857 million, according to the data.

Meanwhile, on year-on-year basis, the infant food imports during June 2017 witnessed decrease of 24.15 percent when compared to June 2016.

The imports of the milk, cream and milk food for infants were recorded at $25.733 million in June 2017 compared to the imports of $33.925 million in June 2016, according to the figures of Pakistan Bureau of Statistics (PBS).

On month-on-month basis, the infant food imports increased by 2.33 percent in June 2017 when compared to the imports of $25.148 million in May 2017, the data revealed.

It is pertinent to mention here that total Imports into Pakistan during June, 2017 amounted $ 4,534 million as compared to $ 5,092 million in May, 2017 showing a decrease of 10.96% but increased by 2.16% as compared to $ 4,438 million in June 2016.

Imports during July-June (2016 – 2017) totaled $ 53,026 million as against $ 44,685 million during the corresponding period of last year showing an increase of 18.67%.

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Mati
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