Pakistan: Oilseeds and Products Annual

Pakistan’s 2015/16 vegetable oil imports are forecast to be a record 2.8 million metric tons, up 12 percent from a year ago. Palm oil continues to be the major imported oil accounting for over 95 percent of imports. The recent imposition of an 11 percent tariff on soybean meal imports is starting to change the mix of imports within the oilseed complex. Imports of soybeans are increasing and meal imports have proven to be lower than initially forecast. Cottonseed continues to be Pakistan’s largest domestically produced oilseed and is expected to reach 4.4 million metric tons in 2015/16, down marginally from the current marketing year. In general, all signs point to continued growth in demand for products with the oilseed complex. Growing and modernizing poultry, dairy, and possibly beef sectors suggest that demand for oilseed meals will grow and rising gross domestic product bodes well for slow but steady growth in the consumption of vegetable oils.

Pakistan: Oilseeds and Products Annual