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No significant changes are made to 2023/24 rice and wheat supply and demand forecasts. Private sector wheat import commitments of about 1.4 million tons underpin the 2 million ton 2023/24 wheat import forecast.
Pakistan is the 24th largest export market for U.S. food and agricultural-related products, with U.S. exports surpassing $1.37 billion in 2022. The top U.S. exports to Pakistan were cotton, soybeans, pulses, tree nuts, dairy products, planting seeds, dairy cattle, and forestry products.
On 24 November, the Federal Cabinet approved amendments to the National Biosafety Rules, which should enable genetically engineered soybean imports to resume in the first half of calendar year 2024. As a result, the 2023/24 soybean import forecast is...
Sugar production in 2023/24 is forecast at 7.05 million tons, three percent above the 2022/23 estimate. The marginal increase is due to expectations for a recovery in cane area harvested compared to the flood-damaged 2022/23 crop.
As of March 2023, Pakistani authorities still ban genetically engineered (GE) oilseed imports. While they have made some progress in developing a system to allow for GE oilseed imports, uncertainty regarding when that system will be operative clouds the outlook for oilseed imports.