project on refine edible soybeans oil in pakistan

                                               
                                               
                                               
                                               
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  • What are Pakistan's edible oil imports?
  • The 2018/19 imports are based on official data. Refined palm oil accounts for about 97 percent of Pakistan’s total edible oil imports. Soybean oil imports are projected at 100,000 MT in MY 2020/21, whereas, a considerable amount of 590,000 tons are predicted to be added from crushed imported soybeans.
  • Why is Pakistan moving from imported soybean meal to soybeans?
  • In response to a favorable tariff structure, Pakistan’s crushing industry has developed the infrastructure to shift from imported soybean meal to soybeans. As a result of the poultry industry’s rising inclusion of soybean meal in its feed rations and its use in livestock and aquaculture sectors, MY 2020/21 soybean imports are projected at 2.5 MMT.
  • How did Pakistan's edible oil market perform in FY21?
  • Pakistan’s edible oil market was recorded at USD~9,276mln in FY21 registering a YoY growth of ~10% (FY20: USD~8,413mln). Local consumption was recorded at ~4.8mln MTs in FY21 up ~1% YoY (FY20:~4.7mln MTs). This reflects that the growth in revenue was majorly contributed by a spike in prices (in dollar terms) of inputs (oil seeds).
  • Why is Pakistan a major importer of refined palm oil?
  • Although Pakistan’s duty structure is designed to facilitate oilseed imports through reduced tariffs and fees as a means of shifting value addition to the domestic oil production industry but still the country is one of the world’s largest importers of refined palm oil.