Pakistan’s soybean imports seen jumping to 1.4 mln tonnes in 2016

September 22, 2016
By: Samaa Web Desk
Published in Economy

ISLAMABAD: Pakistan’s soybean imports in 2016 is 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 soybeans and canola seeds. So far this year, we have imported 1.61 million tonnes of oilseeds,” Abdul Rasheed JanMohammed, 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 requirement for edible oils is going down, he said. –Samaa

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Story first published: 22nd September 2016


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