Pakistan: Oilseed and Products Update 2019

Pakistan’s purchases of imported soybeans are estimated to reach at 2.0 million metric tons (MMT) during marketing year (MY) 2018/19, 8 percent lower than last year. Reduced import levels reflect SPS and bioengineered regulatory uncertainty followed by the devaluation of Pakistan’s currency compared to USD. Assuming an easing of regulatory and currency concerns, soybean imports during MY 2019/20 are projected at 2.5 MMT. Pakistan imports a steady volume of soybeans to supply the livestock feed industry. Imports of soybean oil and palm oil are up 54 percent and 9 percent, offsetting the supply gap from reduced imports of canola and sunflower seed followed by the lower production of domestic cotton crop.

Pakistan: Oilseed and Products Update 2019