Pak-China coordination on peanut cultivation can be a resolution to overhead consumable oil prices, published by Gwadar Pro on Sunday.

For the current month, the National Price Monitoring Committee (NPMC) in Pakistan queried the Ministry of Industries & Production (MoIP) to dominate consumable oil prices by reconnoitering substitute recourse for the imported palm and soya bean oil. Shandong Rainbow Agricultural Technology Co., Ltd in China has been drafting a Pak-China peanut oil cooperation for a few years, which may link up Pakistan’s stipulation.

“Peanut oil is the world’s best frying oil. Its smog point is near 260 degrees centigrade. Peanut contains more than 50 percent oil. Once we are self-sufficient in peanut production, we can produce more by-products for export. We can also reduce our import bill of edible oil,” quoted Muhammad Jahanzaib, agronomy officer of the Oil Seed Research Program in the National Agricultural Research Center (NARC) in Pakistan.

He divulges that NARC has started to confiscate significance to the peanut industry in Pakistan.

“To continue China-Pakistan agricultural projects, our company registered a new company in Pakistan and appointed me as the CEO. The peanut oil cooperation is our key project,” mentioned Babar Ijaz, off-shore business manager at Shandong Rainbow Agricultural Technology Co., Ltd and CEO of Sino-Pak Agriculture Pvt. Ltd.

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