Pakistan: Oilseeds and Products Update
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. Higher imports are a reflection of a tariff structure that favors soybeans over soymeal and growing demand from Pakistan’s feed sector. Soybean meal imports are down significantly from a year ago as importers continue to shift to imports of soybeans in response to a more favorable tariff treatment for beans. Imports of soybean oil are down slightly from a year ago, but palm oil imports are up and demand for vegetable oil, whether imported or from imported oilseeds, remains strong.
Pakistan: Oilseeds and Products Update