PEOC investigates industry resilience
KARACHI: National and international speakers highlighted that consumer countries such as Pakistan face significant economic challenges such as high inflation, currency instability and geopolitical tensions in the Black Sea and the Middle East. These remarks came during the ‘6th Pakistan Edible Oil Conference (PEOC)’ held at a local hotel on Saturday. Discussing market dynamics, speakers noted that due to sluggish Chinese demand and subdued destination markets, many shippers have resorted to selling their shipments at desperate prices, potentially overstocking. This oversupply led to a glut in destination markets, particularly affecting Pakistan and India until November. Market forecasts suggest continued challenges
