Pakistan increased demand for soybean meal in poultry feed rations

Pakistan increased demand for soybean meal in poultry feed rations. The poultry industry in Pakistan is increasingly using soybean meal in its feed rations, and the USDA is expecting the country’s soybean imports to hit a record 2.5 million metric tons (MMT) in MY 2018/2019. Pakistan imported 1.7m tons of soybeans during MY 2016/17, according to the USDA data. Importers have shifted from Indian soymeal to take advantage of competitively-priced soybeans from other countries, said the US agency report. Rapeseed and canola imports are almost at and are expected to maintain at 2 million tons during 2017/18 and imports of soybeans are expected to climb to 2.0 MMT given the current tari structure. Soybean imports during MY 2018/19 are projected to reach to a record 2.5.