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POINTERS 2014 MPOC
Palm Oil Internet Seminar
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Section 2 : Global Palm Oil Market Focus:
Emerging Trend in Pakistan Edible Oil Market for Palm Oil
By: Mr. Rasheed Janmohammad

Mr. Rasheed Janmohammad is the Chief Executive Officer of Mapak Edible Oil (Pvt.) Limited, the largest physical refinery operating in Pakistan. He is also the CEO of FWQ Enterprise (Edible Oil Jetty) and Mapak Qasim Bulkers, which are joint venture projects of leading Malaysian companies with Pakistan’s Westbury Group. Mr. Janmohammad is actively involved in the operations of these organizations and also serves as the Director of Westbury Private Limited, Dalda Foods Pakistan, Trading Enterprise Private Limited, Bulk Management Pakistan, Shakoo Private Limited and F&B Bulk Storage Limited. He is also part of the managing committees of various trade organizations and Karachi Kharadar Hospital. Mr. Janmohammad received his Master of Law degree from S. M. Law College before joining the edible oil trade in 1980. He has been involved in all aspects of the oils and fats trade and has spearheaded the growth of his family business which now has stakes in edible oil trade, refining, manufacturing, oilseed crushing, education, rice and molasses export. He is passionate about the growth of the oils and fats business in Pakistan and is the driving force behind the Pakistan Edible Oil Conference (PEOC). Mr. Janmohammad contributes actively in local and international journals and is also a regular speaker at oils and fats conferences in Pakistan and abroad.
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Pakistan is the 3rd largest importers of Palm Oil / Olien and the import will continue to increase due to consistent increase in population and increase in the growth of middle class. The import of oils and fats and oilseed has seen consistent growth in 2017 and the imports of edible oils are likely to be around 3 million MT by the end of 2017. Imports of soybeans in Pakistan have also seen unprecedented growth in 2017 and is likely to remain a key feature in the oils and fats mix of this market. The paper would focus on the changing dynamics and importance of this market and would predict the potential demand and growth of oils and fats in general and palm oil in particular in Pakistan.


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Questions & Answers (1) :
Syamimi
9 months ago
In your presentation, based on 2017 figure, RBD Palm Olein constitute 57% of Pakistan total palm oil import while RBD PO 40%. Can you please explain why the proportion of RBD PO in Palistan import was so high. Based on global statistic RBD PO is about 10% of total palm oil import
POINTERS SECRETARIAT:
Posted on behalf of Mr Rasheed Janmohammad : Pakistan is one of the few countries where the local population still prefers to use “vanaspati ghee” as preferred cooking and frying medium which makes RBD palm oil the most suitable feedstock for edible oil industry. As per an estimate, 65% of Pakistani population still uses vanaspati for their daily cooking needs.
9 months ago
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