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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).
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.