Pakistan: Oilseeds and Products Update

Pakistan’s soybean imports during 2016/17 reached a record 1.6 million metric tons (MMT) and are forecast at 2 MMT in 2017/18 based on preliminary bookings. Rapeseed imports met expectations, but were up from a year ago at 1.2 MMT. 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 are now expected lower, but Pakistan remains one of the world’s largest vegetable oil importers.

Pakistan: Oilseeds and Products Update