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Pakistan’s MY 2016/17 vegetable oil imports are forecast to be a record 3.3 million metric tons, up 9.6 percent from a year ago.
Pakistan’s soon-to-be harvested 2016/17 wheat crop is forecast at 25.3 million tons, marginally higher from last year’s revised production.
The Government of Pakistan has set the wheat production target at a record 26 million metric tons for the 2015 Rabi (winter) season.
Cotton crop prospects continue to erode and Pakistan’s 2015/16 cotton production estimate is estimated 500,000 bales lower at 7.5 million 480 lb bales, the lowest production since 1999.
The Government of Pakistan has approved a sugar export subsidy of $124 per metric ton to cover exports of up to 500,000 metric tons through March 31, 2016.
This report outlines regulatory requirements and import procedures for food and agricultural imports into Pakistan.
Pakistan is a small but growing market for imported consumer food products and the small modern retail sector is growing slowly.
Pakistan’s MY 2015/16 (August-July) cotton production is expected to reach 8.2 million 480 lb bales, down nearly 25 percent from last year’s crop.
Pakistan continues to expand its imports of soybeans, importing over 500,000 metric tons in 2014/15 (a record), with projected 2015/16 imports of 1.5 million metric tons.
Pakistan’s 2015/16 cotton production is forecast at 9.2 million 480 lb bales, down 800,000 from the previous estimate, and the lowest level since 2010.
Planting of the Rabi (winter) wheat crop is expected to get underway in a few weeks.
Sugar production is forecast at 5.4 million metric tons, up slightly from a year ago.