Pakistan: Soybean Import Surge To Record Level

For the second consecutive year, the Government of Pakistan is set to increase the tariff on imports of soybean meal on July 1. The higher tariff has led to record imports of soybeans in 2014/15 and total imports are estimated at 450,000 metric tons. For 2015/16, imports of soybeans are expected to climb to 1.0 million metric tons as the higher tariff takes full effect on sourcing decisions. Imports of soybean meal are expected lower in both 2014/15 and 2015/16 as Pakistan produces increased quantities of meal from imported soybeans. 

Pakistan: Soybean Import Surge To Record Level