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No significant changes are made to the cotton supply and demand outlook. The 2023/24 cotton production forecast is unchanged at 6.5 million bales, total use is 10 million bales, and the import forecast remains 4.2 million bales.
The Department of Plant Protection (DPP) stopped imports of genetically engineered (GE) soybeans and canola in late October 2022. DPP said that importers needed an import license from the Ministry of Climate Change (MOCC).
The Government of Pakistan (GOP) granted approval for the export of an additional 500,000 tons of wheat with a subsidy of $105 per ton.
In Pakistan, a developed biotechnology and seed regulatory structure is in place to facilitate the introduction of new technologies in the country.
Based on current market arrivals, Pakistan’s 2018/19 cotton production is estimated at 7.8 million 480 lb bales, down 8 percent from the previous estimate and 5 percent....
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.
Refined sugar production is forecast at 6.5 million metric tons (MMT) for marketing year 2018/19 (MY Oct/Sept), down 12 percent from the current year’s estimate of 7.4 million metric tons....
Pakistan’s did not renew the 2018 subsidy on wheat exports, announced earlier this year ($159 per metric ton), that expired on June 30.
FAS Islamabad forecasts Pakistan’s MY 2018/19 (August to July) cotton production at 8.5 million 480 lb. bales, up 300,000 bales or 4 percent from the last year’s level.
Pakistan’s 2018/19 wheat production is estimated at 26.3 million metric tons (MMT), 800,000 tons higher than current USDA estimate.
Pakistan continues to increase its purchasing of soybeans and imports are expected to reach a record 2 million metric tons (MMT) during 2017/18 and 2.5 MMT during 2018/19.
Despite a generous export subsidy aimed at moving 2017/18 sugar off the domestic market, stocks continue to rise as only 1 million metric tons of sugar that are expected to be exported....