Pakistan: Oilseeds and Products Annual

Pakistan is one of the largest edible oil importers in the world and MY 2017/18 imports are forecast at record 3.6 million metric tons. Palm oil continues to be the major imported oil accounting for 91 percent of imports. Pakistan continues to shift from imports of soybean meal to imports of soybeans in response to change in the tariff structure two years ago. Given the poultry industry’s rising inclusion of soybean meal in its feed rations, MY 2017/18 soybean imports are projected at a record 2.2 million metric tons. Cottonseed continues to be Pakistan’s largest domestically produced oilseed and is expected to reach 3.7 million metric tons in 2017/18. In general, all signs point to continued growth in demand for products with the oilseed complex. Growing and modernizing poultry, dairy, and possibly beef sectors suggest that demand for oilseed meals will grow and rising gross domestic product bodes well for slow but steady growth in the consumption of vegetable oils.

Pakistan: Oilseeds and Products Annual