Pakistan: Oilseeds and Products Annual

Pakistan’s Marketing Year (MY) (October/September) 2021/22 edible oil imports are anticipated to be a record 3.7 million metric tons (MMT), up five percent over the previous year to meet increased demand. Palm oil continues to be the major imported oil with imports forecast at 3.6 MMT during MY 2021/22. Oilseed imports during MY 2021/22 are projected at 3.3 MMT, up six percent from the preceding year, due to the growing importance of oilseed-based meals to the poultry, livestock and aquaculture sectors and increasing production of edible oil for human consumption. In response to a tariff structure favoring the importation of soybeans, Pakistan’s crushing industry has developed the infrastructure to shift away from importing soybean meal to importing soybeans for crushing. As a result of the poultry, livestock, and aquaculture industries’ increasing use of soybean meal in its feed rations, MY 2021/22 soybean imports are projected at 2.6 MMT.