Pak govt rules out any edible oil crisis
Monday, 11 February 2008
ISLAMABAD, Feb 10 (APP): The Federal Food Committee has categorically denied that any edible oil crisis was looming in the country, saying that there were sufficient stocks of the commodity.
"The surge in the prices of edible oil does not mean that there was any crisis of the commodity and the increase in its price in the domestic market was due to a hike in palm oil prices in the international market", the meeting observed.
The FFC meeting presided over by its Chairman Lt. General ® Farooq Ahmed Khan also reviewed the availability of essential edibles in the country besides flour and wheat situation.
Besides the representatives of four provinces, the meeting was attended by representatives of Frontier Constabulary (FC) and Rangers, Utility Stores Corporation (USC), AJK Food Department, Pakistan Vanaspati Manufacturers Association (PVMA), All Pakistan Sugar Mills Association, All Pakistan Dal Merchant Association and Pakistan Oil and Seeds Development Board.
The meeting expressed satisfaction over the current flour availability in country and noted that all the four provinces and AJK were being provided enough stock and price of the commodity was becoming stable and even coming down with each passing day.
The representative of PVMA in his presentation said that there was no shortage of edible oil/ghee in the country as the country was having enough stock of the commodity.
"The surge in the prices of edible oil does not mean that there was any crisis of the commodity and the increase in its price in the domestic market was due to a hike in palm oil prices in the international market", the meeting observed.
The FFC meeting presided over by its Chairman Lt. General ® Farooq Ahmed Khan also reviewed the availability of essential edibles in the country besides flour and wheat situation.
Besides the representatives of four provinces, the meeting was attended by representatives of Frontier Constabulary (FC) and Rangers, Utility Stores Corporation (USC), AJK Food Department, Pakistan Vanaspati Manufacturers Association (PVMA), All Pakistan Sugar Mills Association, All Pakistan Dal Merchant Association and Pakistan Oil and Seeds Development Board.
The meeting expressed satisfaction over the current flour availability in country and noted that all the four provinces and AJK were being provided enough stock and price of the commodity was becoming stable and even coming down with each passing day.
The representative of PVMA in his presentation said that there was no shortage of edible oil/ghee in the country as the country was having enough stock of the commodity.