Local wheat and grain milling witnessed 94.25pc growth in 5 months of FY 2020-21

Local wheat and grain milling witnessed 94.25pc growth in 5 months of FY 2020-21

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Islamabad: In the first five months of this fiscal year, the domestic wheat and grain milling business increased by approximately 94.25% year-on-year.

From July to November 2020-21, the output of wheat and other grains exceeded 4.615 million tons, compared with 2.375 million tons in the same period last year.

According the data of Large Scale Manufacturing Industries (LSMI) released by Pakistan Bureau of Statistics, wheat and grains milling in month of November, 2020 grew by 68.15 percent as against the same month of last year.

During the period under review, domestic production of vegetable ghee decreased by 3.40 percent, where as output of cooking oil increased by 3.69 percent as compared the manufacturing of corresponding period of last year.

During the reporting period, the domestic production of vegetable ghee was 583,507 tons, compared with 604,065 tons in the same period last year.

At the same time, domestic edible oil production during the review period was 180,961 tons, compared with 174,580 tons in the same period last year.

On month on month basis the productions of above mentioned commodities witnessed 0.21 percent and 4.27 percent growth in November 2020 as against the corresponding month of last year In November 2020, 125,276 tons of vegetable ghee manufactured as against the production of 125,012 tons of same month of last year.

Meanwhile,local production of cooking oil was registered at 39,030 tons in November 2020 as compared the manufacturing of 37,471 tons of of same month last year.

It is worth mentioning here that the large scale manufacturing industries in the country in last 5 months witnessed significant growth of 7.41 percent as compared the corresponding period of last year.

On the other hand, the output of large scale manufacturing industries recorded 14.46 percent growth in November 2020 as compared the same month of last year and it grew by 1.35 percent when it was compared with mont of October 2020.

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