Pakistan’s soyabean imports may jump to 1.4 million tons

NEW DELHI: Pakistan's soyabean imports in 2016 are expected to rise to 1.4 million tonnes, from 579,000 tonnes last year, an industry official said on Thursday.

"Pakistan has been aggressively buying soyabeans and canola seeds. So far this year, we have imported 1.61 million tonnes of oilseeds," Abdul Rasheed Jan Mohammed, vice president of Pakistan Edible Oil Refiners Association, told the
Globoil India industry conference in the beach state
of Goa.

Due to higher shipments of oilseeds, import requirements for edible oil are going down, he said.

Pakistan expects its 2016 oilseeds imports to rise to 2.3 million tonnes from 1.41 million tonnes in the previous year, while edible oil imports is seen steady at 2.7 million tonnes, said Mohammed.