Pakistan’s soybean imports on an uptrend

06.09.2017

Pakistan's soybean imports is expected to reach a record 1.6 million tonnes during 2016-17, according to the USDA GAIN report. “Continued demand from the poultry feed sector is expected to push imports to a record,” the report said.

“The creation of a tariff structure a few years ago that favours imports of soybeans over soymeal continues to change the import mix.” According to the report, exports of soybeans to Pakistan reached 835,000 tonnes in the first eight months of 2016-17 - 363,000 tonnes was sourced from the US. Imports in 2017-18 are expected to escalate to 2 million tonnes.


asian-agribiz

Readers choice: TOP-5 articles of the month by UkrAgroConsult