Pakistan: Oilseeds and Products Update

Pakistan continues to increase its purchasing of soybeans and imports are expected to reach a record 1.6 million metric tons (MMT) during 2016/17 and two MMT during 2017/18. Higher imports are a reflection of a tariff structure that favors soybeans over soymeal and growing demand from Pakistan’s poultry sector. Imports of edible oils are proving to be slower than forecast as higher prices curb demand and increased imports and crushing of canola and soybeans offset some of the need for edible oil imports. Imports of both palm oil and soybean oil are now expected lower, but Pakistan remains one of the largest vegetable oil importers. 

Pakistan: Oilseeds and Products Update