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S Alam Set To Import 1.2 Million Tonnes Commodities - BIZDATA INSIGHTS

S Alam Set to Import 1.2 Million Tonnes Commodities

Industry: Commodity, Consumer & Retail
Company: S. Alam Group of Industries
Company Intelligence Tag: Business Insights

S Alam Group is set to import 1.2 million metric tonnes of essential goods for Ramadan, investing hundreds of millions of dollars. This accounts for about 50% of the nation’s total food demand during Ramadan. The imported products include sugar, edible oil, wheat, lentils, and chickpeas. The group fulfills 30%, 20%, and 35% of the current domestic market demand for oil, wheat, and sugar, respectively, and aims to increase supply to 50% this year. The imported 641,300 metric tonnes of sugar is more than double the demand during Ramadan, while the 258,000 metric tonnes of edible oil covers 86% of the Ramadan demand. Additionally, 178,000 metric tonnes of wheat will be imported, meeting 34% of the Ramadan demand, and 50,000 metric tonnes of lentils and chickpeas will be imported, covering 50% and 55% of the Ramadan demand, respectively. These measures aim to maintain affordable prices and ensure accessibility during Ramadan.

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