Pakistan: Oilseeds and Products Annual 2013
Report Highlights:
Pakistan’s marketing year (MY) 2013/14 (October/September) vegetable oil imports are forecast at a record 2.44 million metric tons (MMT), six percent higher than MY 2012/13. MY 2013/14 imports of soybean meal are projected at 460,000 tons, up 15 percent from the estimated import level this year. Oilseed production in MY 2013/14 is forecast at a record 5.4 MMT, up four percent from the
MY 2012/13 5.1 MMT harvest. Pakistan’s cottonseed production in MY 2013/14 is projected at 4.44 MMT, up eight percent over the previous year production of 4.1 MMT. Imports of oilseeds are forecast at 937,000 tons, up 19 percent from last year’s import level of 790,000 tons.
Executive Summary:
Pakistan is a net importer of oilseeds and edible oils, as domestic production of edible oils is sufficient to meet about 24 percent of total demand. Pakistani oilseed production consists of cotton seed,sunflower seed, and rapeseed production.
MY 2013/14 oilseed production is forecast at 5.4 MMT, four percent higher than the revised MY 2012/13’s 5.1 MMT harvest, due to higher cotton yields. Imports of oilseeds are forecast at 937,000
MT a 19 percent increase from MY 2012/13 due to increased human and animal consumption. Total supply of oilseed available for crushing in MY 2013/14 is forecasted at 5.6 MMT, 6 percent higher than MY 2012/13.
MY 2013/14 domestic meal production is forecast at 3.2 MMT, up 7 percent from current year’s level of 3.0 MMT. MY 2013/14 imports of soybean meal are forecast at 460,000 tons, 15 percent higher than MY 2012/13 imports.
MY 2013/14 oil production is forecast at 1.31 MMT, four percent higher than the current year’s estimate of 1.26 MMT. Vegetable oil imports are forecast at a record 2.44 MMT, an increase of six percent relative to MY2012/13, due to record oil consumption.
