Highlights

Pakistan is one of the largest edible oil importers in the world and MY 2017/18 imports are forecast at record 3.6 million metric tons. Palm oil continues to be the major imported oil accounting for 91 percent of imports. Pakistan continues to shift from imports of soybean meal to imports of soybeans in response to change in the tariff structure two years ago. Given the poultry industry’s rising inclusion of soybean meal in its feed rations, MY 2017/18 soybean imports are projected at a record 2.2 million metric tons. Cottonseed continues to be Pakistan’s largest domestically produced oilseed and is expected to reach 3.7 million metric tons in 2017/18. In general, all signs point to continued growth in demand for products with the oilseed complex. Growing and modernizing poultry, dairy, and possibly beef sectors suggest that demand for oilseed meals will grow and rising gross domestic product bodes well for slow but steady growth in the consumption of vegetable oils.

Oilseed Production

Marketing year (MY) 2017/18 (Oct-Sep) oilseed production is forecast at 4 million metric tons (MMT) up 9 percent from the current marketing year due to projected increase especially in cottonseed production. Current year’s cottonseed production is estimated at 3.3 MMT, up 10 percent from the last year’s production level. While Pakistan is a significant importer of products within the oilseed complex, production of all oilseeds except cottonseed is minimal. Winter or “Rabi” oilseeds like rapeseed and sunflower suffer from competition from wheat. Wheat farmers enjoy a guaranteed support price for the portion of their crop that is marketed to the public sector and for those who consume their wheat on-farm or in the village (about half of the wheat crop) wheat is seen as a staple and life-sustaining crop. Sunflower can also be produced during the Kharif or summer season but corn, rice, and sugarcane are generally deemed more remunerative. While there have been attempts at producing soybeans, the crop has failed to catch on due to the harsh summer conditions and a lack of planting seeds, despite a growing poultry and dairy sectors.

Cottonseed:

Cottonseed is the principal oilseed crop grown in Pakistan, accounting for 90 percent of domestic oilseed production. Cotton is a key cash crop and an important input for Pakistan’s textile sector, a major contributor to the country’s gross domestic product. MY 2016/17, cottonseed production is estimated (based on the official cotton production estimate) at 3.4 million tons, up 10 percent from the previous year. MY 2017/18 cottonseed production is forecast at 3.7 MMT. The province of Punjab accounts for about 75 percent of cotton production, while the province of Sindh contributes the balance of the crop.

Rapeseed:

Rapeseed is a winter or “Rabi” crop that is grown in Punjab and Sindh. MY 2017/18 area and production are forecast lower given the expectation that farmers will opt to plant wheat instead of rapeseed. Area estimates for prior years are based on official data.

Sunflower seed

For the last couple of years, sunflower area and production is almost stagnant. MY 2017/18 area and production is not expected to change due to competition from wheat crop.

Consumption:

Oilseed consumption continues to play an important role within the overall oilseed complex. However, annual consumption levels will vary depending on changing import policies and competing prices for imported oil and meal. In general the trend in terms of demand for oilseed complex products is up as the poultry sector grows, segments of the dairy industry modernize, and investors consider modern beef production. Additionally, traditional Pakistani cooking uses large amounts of oil and consumption tends to increase as incomes improve, especially as consumers move into the middle class, a trend that continues as part of slow but steady growth in gross domestic product. Oilseed crush for MY 2017/18 is forecast at 6.6 MMT, up 14 percent due in large part to higher expected soybean imports. Revisions to the 2015/16 and 2016/17 marketing years reflect the most recent data from the Pakistan Solvent Extractors’ Association. In general, the industry is in the process of upgrading its crushing capacity to improve both efficiency and quality.

Trade

Pakistan augments its domestic oilseed production with imports. Pakistan’s tariff structure is designed to facilitate oilseed imports through reduced tariffs and fees as a means of shifting value addition to the domestic industry. Tariffs on rapeseed, canola, and sunflower seed have been lower than vegetable oil tariffs since 2005. In July of 2015, the tariff on soybeans was dropped to four percent while the tariff on soybean meal, which was increased in July of 2014, was left at 11 percent, making soybean imports potentially more attractive compared to meal imports. Soybeans, when imported by a solvent extractor, further enjoy a sales tax of six percent (compared to 15 percent for firms other than solvent extractors) Oilseed imports are driven by demand for both oil and meal along with crushing margins. Landed prices plus tariffs play a significant role in determining the import mix between seeds, oil, and meal.

According to data provided by the All Pakistan Solvent Extractors’ Association (APSEA) oilseed imports during 2015/16 were 2.2 MMT and 2016/17 imports are on pace to reach 2.6 MMT which may be a record based on a cursory review of historical data. Pakistan imported 1.13 million ton of soybeans during MY 2015/16, of which 240,000 MT was imported from the United States. Importers are gradually shifting away from Indian soymeal to take advantage of competitively-priced soybeans from other countries. Rapeseed and canola used to be the dominant oilseed imports; however, imports are expected to drop to 800,000 MT in 2016/17 as imports of soybeans are expected to jump to 1.6 MMT given the current tariff structure. Soybean imports during MY 2017/18 are projected to reach to a record 2.2 MMT. Total oilseed imports for 2017/18 are forecast at 3.2 MMT.

Policy

In an attempt to address food security concerns, Pakistan’s agricultural policy is largely focused on the enhancement of wheat production; principally through a support price mechanism at which the government purchases that guarantees a minimum wheat price. The government procures about half of the wheat crop that is marketed off-farm, which is generally sufficient to create a price floor in the market for wheat. As most oilseeds are Rabi or winter crops, farmers tend to opt for wheat over oilseeds. For sunflower and soybeans, two crops that could be produced during the Kharif or summer season, farmers tend to view cotton, rice, and sugarcane as more remunerative options.

In an effort to curb expenditures on imports, and enhance local oilseed production, the Pakistan Oilseed Development Board (PODB) was established in 1995. PODB’s efforts have not resulted in farmers opting to plant oilseeds on a large scale. With no support price mechanism to compete with wheat, and a lack of funding to improve research, seed quality and technology are key constraints that deter farmers.

Nearly all of Pakistan’s cottonseed oil and meal are derived from biotech cotton and products such as soybeans and canola and their products are regularly imported from countries where biotech versions of these crops are widely grown.

Production, Supply and Demand Data Statistics

Total Oilseeds

2015

2016

2017

Pakistan

Market Begin Year

2015/2016

2016/2017

2017/2018

Begin: Oct 2015

Begin: Oct 2016

Begin: Oct 2017

USDA

Official

New

Post

USDA

Official

New

Post

USDA

Official

New

Post

Area Harvested

3152

3112

2792

2682

0

2872

Beginning Stocks

316

316

153

162

0

142

Production

3400

3357

3782

3627

0

3967

MY Imports

2444

2282

2650

2550

0

3150

MY Imp. from U.S.

0

0

0

0

0

0

MY Imp. from EU

0

0

0

0

0

0

Total Supply

6160

5955

6585

6339

0

7259

MY Exports

0

0

0

0

0

0

MY Exp. to EU

0

0

0

0

0

0

Crush

5570

5341

5965

5795

0

6617

Food Use Dom. Cons.

0

0

0

0

0

0

Feed Waste Dom. Cons.

437

452

407

402

0

477

Total Dom. Cons.

6007

5793

5965

6197

0

7094

Ending Stocks

153

162

213

142

0

165

Total Distribution

6160

5955

6585

6339

0

7259

CY Imports

0

0

0

0

0

0

CY Imp. from U.S.

0

0

0

0

0

0

CY Exports

0

0

0

0

0

0

CY Exp. to U.S.

0

0

0

0

0

0

TS=TD

0

0

0

0

0

0

Oilseed, Cottonseed


Oilseed, Cottonseed

2015/2016

2016/2017

2017/2018

Market Begin Year

Oct 2015

Oct 2016

Oct 2017

Pakistan

USDA

Official

New

Post

USDA


Official

New

Post

USDA


Official

New


Post

Area Planted

3000

0

3000

0

0

0

Area Harvested

2800

2800

2400

2400

0

2600

Seed to Lint Ratio

0

0

0

0

0

0

Beginning Stocks

232

232

80

82

0

82

Production

3048

3050

3350

3350

0

3700

MY Imports

0

0

0

0

0

0

MY Imp. from U.S.

0

0

0

0

0

0

MY Imp. from EU

0

0

0

0

0

0

Total Supply

3280

3282

3430

3432

0

3782

MY Exports

0

0

0

0

0

0

MY Exp. to EU

0

0

0

0

0

0

Crush

2800

2800

2900

2975

0

3232

Food Use Dom.

0

0

0

0

0

0

Feed Waste Dom.

400

400

375

375

0

450

Total Dom. Cons.

3200

3200

3275

3350

0

3682

Ending Stocks

80

82

155

82

0

100

Total Distribution

3280

3282

3430

3432

0

3782

Oilseed, Rapeseed

Market Begin Year

Oct 2015

Oct 2016

Oct 2017

Pakistan

Area Planted

USDA

Official

New

Post

USDA

Official

New

Post

USDA

Official

New

Post

200

225

250

210

0

200

Area Harvested

200

225

250

210

0

200

Beginning Stocks

35

35

30

30

0

15

Production

160

215

250

200

0

190

MY Imports

1100

1100

800

800

0

800

MY Imp. from U.S.

0

0

0

0

0

0

MY Imp. from EU

0

0

0

0

0

0

Total Supply

1295

1350

1080

1030

0

1005

MY Exports

0

0

0

0

0

0

MY Exp. to EU

0

0

0

0

0

0

Crush

1250

1280

1050

1000

0

970

Food Use Dom.

0

0

0

0

0

0

Feed Waste Dom.

15

40

15

15

0

15

Total Dom. Cons.

1265

1320

1065

1015

0

985

Ending Stocks

30

30

15

15

0

20

Total Distribution

1295

1350

1080

1030

0

1005

Oilseed, Sunflowerseed

Oilseed, Sunflower

seed

2015/2016

2016/2017

2017/2018

Market Begin Year

Oct 2015

Oct 2016

Oct 2017

Pakistan

USDA

Official

New

Post

USDA

Official

New

Post

USDA

Official

New

Post

Area Planted

0

0

0

0

0

0

Area Harvested

150

85

140

70

0

70

Beginning Stocks

11

11

5

10

0

5

Production

190

90

180

75

0

75

MY Imports

94

50

100

150

0

150

MY Imp. from U.S.

0

0

0

0

0

0

MY Imp. from EU

0

0

0

0

0

0

Total Supply

295

151

285

235

0

230

MY Exports

0

0

0

0

0

0

MY Exp. to EU

0

0

0

0

0

0

Crush

270

131

265

220

0

215

Food Use Dom.

0

0

0

0

0

0

Feed Waste Dom.

20

10

15

10

0

10

Total Dom. Cons.

290

141

280

230

0

225

Ending Stocks

5

10

5

5

0

5

Total Distribution

295

151

285

235

0

230


Oilseed, Soybean


Oilseed, Soybean

2015/2016

2016/2017

2017/2018

Market Begin Year

Oct 2015

Oct 2016

Oct 2017

USDA

Official

New

Post

USDA

Official

New

Post

USDA

Official

New

Post

Area Planted

2

2

2

2

0

2

Area Harvested

2

2

2

2

0

2

Beginning Stocks

38

38

38

40

0

40

Production

2

2

2

2

0

2

MY Imports

1250

1132

1750

1600

0

2200

MY Imp. from U.S.

0

0

0

0

0

0

MY Imp. from EU

0

0

0

0

0

0

Total Supply

1290

1172

1790

1642

0

2242

MY Exports

0

0

0

0

0

0

MY Exp. to EU

0

0

0

0

0

0

Crush

1250

1130

1750

1600

0

2200

Food Use Dom.

0

0

0

0

0

0

Cons.

Feed Waste Dom.

2

2

2

2

0

2

Total Dom. Cons.

1252

1132

1752

1602

0

2202

Ending Stocks

38

40

38

40

0

40

Total Distribution

1290

1172

1790

1642

0

2242

Production:

MY 2017/18 oilseed meal production is forecast at 3.9 MMT, up 17 percent from MY 2016/17 mainly due to the anticipated increase in soybean imports. The supply of soybean meal is forecast to surpass cottonseed meal given rising demand for soybean meal from the poultry industry. Cottonseed meal is by far the dominant locally-sourced meal, accounting for about 90 percent of total production. Changes in 2015/16 production estimates reflect final estimates from the Pakistan Solvent Extractors’

Association.

Consumption:

MY 2017/18 oilseed meal requirements are forecast to increase to 4.0 MMT. Demand for oilseed meals is expected to grow due to the anticipated expansion of the poultry, livestock, and aquaculture sectors.

Pakistan’s poultry meat production is expected to grow by more than 10 percent annually and poultry producers are rapidly increasing their meal inclusion rates in poultry feeds; some are approaching the international standard of 35 percent. The layer industry is also expanding rapidly as it is able to provide a relatively cheap protein source. Industry sources reveal that with the recent changes in poultry feed formulations, the feed conversion ratios (FCR) have improved significantly throughout much of the industry, in some cases reaching optimum levels of 1.8 kg of feed to kg of growth. This can be attributed to increased inclusion of soybean and corn in feed rations. Several poultry feed manufacturers have started producing dairy feed to meet the needs of Pakistan’s more progressive dairy farmers. The revised estimate for 2015/16 reflects final data from the Pakistan Solvent Extractor’s Association.

Trade

Pakistan’s meal imports have declined in recent years as importers have shifted to imports of soybeans in response to more favorable tariff treatment for beans. Still, there are feed mills and importers who are open to importing soymeal under the current tariff regime; hence economics and quality still factor in the import decision. During MY 2015/16 Pakistan imported 400,000 tons of soybean meal, nearly all of it from Argentina. Current year imports are expected to drop to 200,000 MT and the forecast for MY 2017/18 is projected at 155,000MT. India has been the dominant supplier in the past, but the industry is shifting away from soybean meal under the current tariff and tax structure.

Production, Supply and Demand Data Statistics

Total Oil Meal

Pakistan

2015

2016

2017

2015/2016

2016/2017

2017/2018

Market Begin Year

Crush

Market Year

Begin: Oct 2015

Market Year

Begin: Oct 2016

Market Year

Begin: Oct 2017

USDA

Official

New

Post

USDA

Official

New

Post

USDA

Official

New

Post

5570

5341

5965

5795

0

6617

Beginning Stocks

416

416

173

191

0

225

Production

3126

2997

3446

3300

0

3870

MY Imports

479

400

650

200

0

155

MY Imp. from U.S.

0

0

0

0

0

0

MY Imp. from EU

0

0

0

0

0

0

Total Supply

4021

3813

4269

3691

0

4250

MY Exports

15

10

15

10

0

10

MY Exp. to EU

0

0

0

0

0

0

Industrial Dom. Cons.

0

0

0

0

0

0

Food Use Dom. Cons.

0

0

0

0

0

0

Feed Waste Dom. Cons.

3833

3612

4061

3456

0

4018

Total Dom. Cons.

3833

3612

4061

3456

0

4018

Ending Stocks

173

191

193

225

0

222

Total Distribution

4021

3813

4269

3691

0

4250

CY Imports

0

0

0

0

0

0

CY Imp. from U.S.

0

0

0

0

0

0

CY Exports

0

0

0

0

0

0

CY Exp. to U.S.

0

0

0

0

0

0

SME

0

0

0

0

0

0

TS=TD

0

0

0

0

0

0

Meal, Cottonseed

Market Begin Year

Oct 2015

Oct 2016

Oct 2017

Pakistan

USDA

Official

New

Post

USDA

Official

New

Post

USDA

Official

New

Post

Crush

2800

2800

2900

2975

0

3232

Extr. Rate,

0.465

0.465

0.4652

0.4639

0

0.4641

Beginning Stocks

120

120

22

22

0

52

Production

1302

1302

1349

1380

0

1500

MY Imports

0

0

0

0

0

0

MY Imp. from U.S.

0

0

0

0

0

0

MY Imp. from EU

0

0

0

0

0

0

Total Supply

1422

1422

1371

1402

0

1552

MY Exports

0

0

0

0

0

0

MY Exp. to EU

0

0

0

0

0

0

Industrial Dom. Cons.

0

0

0

0

0

0

Food Use Dom.

0

0

0

0

0

0

Feed Waste Dom.

1400

1400

1350

1350

0

1500

Total Dom. Cons.

1400

1400

1350

1350

0

1500

Ending Stocks

22

22

21

52

0

52

Total Distribution

1422

1422

1371

1402

0

1552

Meal, Rapeseed

2015/2016

2016/2017

2017/2018

Market Begin Year

Oct 2015

Oct 2016

Oct 2017

Pakistan

USDA

Official

New

Post

USDA

Official

New

Post

USDA

Official

New

Post

Crush

1250

1280

1050

1000

0

970

Extr. Rate,

0.5848

0.5859

0.5848

0.58

0

0.5773

Beginning Stocks

18

18

19

19

0

23

Production

731

750

614

580

0

560

MY Imports

0

30

0

0

0

0

MY Imp. from U.S.

0

0

0

0

0

0

MY Imp. from EU

0

0

0

0

0

0

Total Supply

749

798

633

599

0

583

MY Exports

10

10

10

10

0

10

MY Exp. to EU

0

0

0

0

0

0

Industrial Dom.Cons.

0

0

0

0

0

0

Food Use Dom.

0

0

0

0

0

0

Feed Waste Dom.

720

769

600

566

0

553

Total Dom. Cons.

720

769

600

566

0

553

Ending Stocks

19

19

23

23

0

20

Total Distribution

749

798

633

599

0

583

Meal, Sunflowerseed

Meal, Sunflower

seed

2015/2016

2016/2017

2017/2018

USDA

Official

New

Post

USDA

Official

New

Post

USDA

Official

New

Post

Market Begin Year

Oct 2015

Oct 2016

Oct 2017

Crush

270

131

265

220

0

215

Extr. Rate,

0.4185

0.4198

0.4189

0.4091

0

0.4186

Beginning Stocks

0

0

0

0

0

0

Production

113

55

111

90

0

90

MY Imports

114

0

150

0

0

0

MY Imp. from U.S.

0

0

0

0

0

0

MY Imp. from EU

0

0

0

0

0

0

Total Supply

227

55

261

90

0

90

MY Exports

0

0

0

0

0

0

MY Exp. to EU

0

0

0

0

0

0

Industrial Dom.

0

0

0

0

0

0

Food Use Dom.

0

0

0

0

0

0

Feed Waste Dom.

227

55

261

90

0

90

Total Dom. Cons.

227

55

261

90

0

90

Ending Stocks

0

0

0

0

0

0

Total Distribution

227

55

261

90

0

90

Meal, Soybean

2015/2016

2016/2017

2017/2018

Market Begin Year

Oct 2015

Oct 2016

Oct 2017

Pakistan

USDA

Official

New

Post

USDA

Official

New

Post

USDA

Official

New

Post

Crush

1250

1130

1750

1600

0

2200

Extr. Rate,

0.784

0.7876

0.784

0.7813

0

0.7818

Beginning Stocks

278

278

132

150

0

150

Production

980

890

1372

1250

0

1720

MY Imports

365

370

500

200

0

155

MY Imp. from U.S.

0

0

0

0

0

0

MY Imp. from EU

0

0

0

0

0

0

Total Supply

1623

1538

2004

1600

0

2025

MY Exports

5

0

5

0

0

0

MY Exp. to EU

0

0

0

0

0

0

Industrial Dom.

0

0

0

0

0

0

Food Use Dom.

0

0

0

0

0

0

Feed Waste Dom.

1486

1388

1850

1450

0

1875

Total Dom. Cons.

1486

1388

1850

1450

0

1875

Ending Stocks

132

150

149

150

0

150

Total Distribution

1623

1538

2004

1600

0

2025


Pakistan is the third largest importer of edible oil in the world. The edible oil industry comprises of refineries, ghee and cooking oil plants and oil extraction units. Pakistan produces about 27 percent of its vegetable oil needs domestically (13 percent from local oilseeds and 14 percent from imported oilseeds) and 2017/18 production is forecast to increase from the revised 2015/16 and 2016/17 estimates that reflect official assessments.Production:

Consumption:

MY 2017/18 total oil consumption is forecast at a record 5 MMT, up 11 percent from the current marketing year. Palm oil dominates the imported vegetable oil market and is commonly blended with others and sold as cooking oil. For health reasons, well-to-do consumers are gradually shifting from hydrogenated oils to soft oils. In 2016, the consumption of soft oils surpassed 1.0 million metric tons despite significant price difference between soft and hard oil.

Trade:

In MY 2017/18, total oil imports are forecast at 3.6 MMT, up 9 percent from the revised 2016/17 estimate. 2015/16 imports are estimated lower based on official data. Refined palm oil accounts for about 91 percent of Pakistan’s total edible oil imports. Imports of soybean oil are expected to increase to 300,000 MT in MY 2017/18 as importers look to alternative supply sources based on pricing. Demand for imported oil is likely to continue to expand as lower income consumers who are moving up the economic ladder increase the amount of vegetable oil (a key component in Pakistani cooking) in their cooking. Per capita consumption is at 24 kg, but there is still room for growth as gross domestic product grows with overall development in the economy.

Total Oil

Meal, Soybean

Meal, Soybean

2015/2016

2016/2017

2017/2018

Market Begin Year

Oct 2015

Oct 2016

Oct 2017

Pakistan

USDA

Official

New

Post

USDA

Official

New

Post

USDA

Official

New

Post

Crush

5570

5341

5965

5795

0

6617

Beginning Stocks

460

460

356

353

0

357

Production

1260

1192

1290

1240

0

1366

MY Imports

2885

2960

3281

3300

0

3600

MY Imp. from U.S.

0

0

0

0

0

0

0MY Imp. from EU

0

0

0

0

0

0

Total Supply

4605

4612

4927

4893

0

5223

MY Exports

50

50

50

50

0

50

MY Exp. to EU

0

0

0

0

0

0

Industrial Dom. Cons.

115

115

115

120

0

120

Food Use Dom. Cons.

4008

4018

4335

4290

0

4790

Feed Waste Dom. Cons.

76

76

76

76

0

76

Total Dom. Cons.

4199

4209

4526

4486

0

4986

Ending Stocks

356

353

351

357

0

287

Total Distribution

4605

4612

4927

4893

0

5323

CY Imports

0

0

0

0

0

CY Imp. from U.S.

0

0

0

0

0

0

CY Exports

0

0

0

0

0

0

CY Exp. to U.S.

0

0

0

0

0

0

TS=TD

0

0

0

0

0

0

Oil, Cottonseed


Oil, Cottonseed

2015/2016

2016/2017

2017/2018

Market Begin Year

Oct 2015

Oct 2016

Oct 2017

Pakistan

USDA

Official

New

Post

USDA

Official

New

Post

USDA

Official

New

Post

Crush

2800

2800

2900

2975

0

3232

Extr. Rate,

0.1536

0.1536

0.1534

0.1513

0

0.1516

Beginning Stocks

25

25

5

5

0

5

Production

430

430

445

450

0

490

MY Imports

0

0

0

0

0

0

MY Imp. from U.S.

0

0

0

0

0

0

MY Imp. from EU

0

0

0

0

0

0

Total Supply

455

455

450

455

0

495

MY Exports

0

0

0

0

0

0

MY Exp. to EU

0

0

0

0

0

0

Industrial Dom.

30

30

30

30

0

30

Food Use Dom.

420

420

415

420

0

460

Feed Waste Dom.

0

0

0

0

0

0

Total Dom. Cons.

450

450

445

450

0

490

Ending Stocks

5

5

5

5

0

5

Total Distribution

455

455

450

455

0

495

Oil, Rapeseed

Oil, Rapeseed

2015/2016

2016/2017

2017/2018

Market Begin Year

Oct 2015

Oct 2016

Oct 2017

Pakistan

USDA

New

USDA

New

USDA

New

Official

Post

Official

Post

Official

Post

Crush

1250

1280

1050

1000

0

970

Extr. Rate,

0.3952

0.3984

0.3952

0.4

0

0.4021

Beginning Stocks

16

16

39

39

0

28

Production

494

510

415

400

0

390

MY Imports

0

0

0

0

0

0

MY Imp. from U.S.

0

0

0

0

0

0

MY Imp. from EU

0

0

0

0

0

0

Total Supply

510

526

454

439

0

418

MY Exports

0

0

0

0

0

0

MY Exp. to EU

0

0

0

0

0

0

Industrial Dom.

10

10

10

10

0

10

Food Use Dom.

460

476

420

400

0

382

Feed Waste Dom.

1

1

1

1

0

1

Total Dom. Cons.

471

487

431

411

0

393

Ending Stocks

39

39

23

28

0

25

Total Distribution

510

526

454

439

0

418


Oil, Sunflower seed

2015/2016

2016/2017

2017/2018

Market Begin Year

Oct 2015

Oct 2016

Oct 2017

Pakistan

USDA

New

USDA

New

USDA

New

Crush

270

131

265

220

0

215

Extr. Rate,

0.4

0.3969

0.4

0.4091

0

0.4

Beginning Stocks

20

20

11

10

0

10

Production

108

52

106

90

0

86

MY Imports

1

0

1

0

0

0

MY Imp. from U.S.

0

0

0

0

0

0

MY Imp. from EU

0

0

0

0

0

0

Total Supply

129

72

118

100

0

96

MY Exports

0

0

0

0

0

0

MY Exp. to EU

0

0

0

0

0

0

Industrial Dom.

0

0

0

0

0

0

Food Use Dom.

118

62

110

90

0

86

Feed Waste Dom.

0

0

0

0

0

0

Total Dom. Cons.

118

62

110

90

0

86

Ending Stocks

11

10

8

10

0

10

Total Distribution

129

72

118

100

0

96

Oil, Soybean


Oil, Soybean

2015/2016

2016/2017

2017/2018

Market Begin Year

Oct 2015

Oct 2016

Oct 2017

Pakistan

USDA

New

USDA

New

USDA

New

Official

Post

Official

Post

Official

Post

Crush

1250

1130

1750

1600

0

2200

Extr. Rate,

0.1824

0.177

0.1851

0.1813

0

0.1818

Beginning Stocks

17

17

14

12

0

22

Production

228

200

324

290

0

400

MY Imports

184

260

280

300

0

300

MY Imp. from U.S.

0

0

0

0

0

0

MY Imp. from EU

0

0

0

0

0

0

Total Supply

429

477

618

602

0

722

MY Exports

0

0

0

0

0

0

MY Exp. to EU

0

0

0

0

0

0

Industrial Dom.

5

5

5

10

0

10

Food Use Dom.

410

460

590

570

0

712

Feed Waste Dom.

0

0

0

0

0

0

Total Dom. Cons.

415

465

595

580

0

722

Ending Stocks

14

12

23

22

0

0

Total Distribution

429

477

618

602

0

722

Oil, Palm

Oil, Palm

2015/2016

2016/2017

2017/2018

Market Begin Year

Oct 2015

Oct 2016

Oct 2017

Pakistan

USDA

Official

New

Post

USDA

Official

New

Post

USDA

Official

New

Post

Area Planted

0

0

0

0

0

0

Area Harvested

0

0

0

0

0

0

Trees

0

0

0

0

0

0

Beginning Stocks

382

382

287

287

0

292

Production

0

0

0

0

0

0

MY Imports

2700

2700

3000

3000

0

3300

MY Imp. from U.S.

0

0

0

0

0

0

MY Imp. from EU

0

0

0

0

0

0

Total Supply

3082

3082

3287

3287

0

3592

MY Exports

50

50

50

50

0

50

MY Exp. to EU

0

0

0

0

0

0

Industrial Dom.

70

70

70

70

0

70

Food Use Dom.

2600

2600

2800

2800

0

3150

Feed Waste Dom.

75

75

75

75

0

75

Total Dom. Cons.

2745

2745

2945

2945

0

3220

Ending Stocks

287

287

292

292

0

247

Total Distribution

3082

3082

3287

3287

0

3592