Ukrainian sunseed meal ousting soybean meal in Pakistan’s market

22.02.2017

Gradual economic growth (+4.6% in 2016) is under way in Pakistan, the world’s sixth most populated country (196 Ml people in 2016). Consequently, incomes of its population in is on the rise, too. This fuels a steady increase in demand for animal and dairy products in the country. At the same time, the Pakistani agricultural sector is unable to completely provide the required volume of feed components because of climate peculiarities.

As a number of high protective duties have been imposed on corn and wheat imports, oilseeds and oilseed meals are in strong demand from Pakistan, UkrAgroConsult reports.

So, over many seasons, Pakistani buyers have been mostly aimed at systematically boosting soybean meal purchases. This jump in meal imports prompted the government to resort to market regulation measures.

The duty imposed on soybean meal imports pushed up arrivals of sunseed meal in the country. It should be pointed out that Ukraine became the top supplier of sunseed meal to the country at a go: it seized 57% of the entire import market of Pakistan.

Full version of the article is available to subscribers for weekly market report “Black Sea Vegoils & CIS” and “Online market review” by UkrAgroConsult.

 

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