Pakistan: Oilseeds and Products Update

Pakistan’s soybean imports during 2017/18 reached a record 2.2 million metric tons (MMT) and are forecast at 2.6 MMT in 2018/19 based on preliminary bookings. Soybean meal imports diminished as importers shifted to soybeans due to the lower tariff, coupled with improved processing by the industry. Rapeseed imports are down 39 percent from a year ago at 724,000 MT. Imports of edible oils are lower than forecast as higher prices put downward pressure on demand. Increased imports and crushing of soybeans and canola also offset the need for edible oil imports. Imports of both palm oil and soybean oil are forecast lower, but Pakistan remains one of the world’s largest vegetable oil importers.

Pakistan: Oilseeds and Products Update