Oilseed Production Forecast is Up Eight Per Cent

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Oilseed Production Forecast is Up Eight Per Cent

11 April 2012

PAKISTAN - MY 2012/13 oilseed production is forecast at a record 5.8 MMT, up eight per cent from the estimated 5.7 MMT harvested in MY 2011/12.

Pakistan is a net importer of oilseeds and edible oils. Domestic production of edible oils is sufficient to meet only about 27 per cent of total demand. Domestic oilseed production includes cotton seed, sunflower seed and rapeseed.

MY 2012/13 oilseed production is forecast at 5.8 MMT, eight per cent higher than the revised estimate of 5.4 MMT harvested in MY 2011/12. Cottonseed regularly accounts for about 82 per cent of Pakistan’s total oilseeds production.

Imports of oilseeds are forecast at 1.0 MMT (80 per cent rapeseed/ canola and 19 per cent sunflower seed). Total supply of oilseed available for crushing in MY 2012/13 is forecasted at 6.2 MMT, eight per cent higher than the estimates of MY 2011/12.

MY 2012/13 domestic meal production is forecast at 3.0 MMT, up eight per cent from current year’s level of 2.7 MMT. MY 2012/13 imports of soybean meal are forecast at 350,000 tons, 17 per cent higher than MY 2011/12 imports.

Virtually all of Pakistan’s soy meal imports are sourced from India.

MY 2012/13 oil production is forecast at 1.5 MMT, eight per cent higher than current year’s estimate. Vegetable oil imports are forecast at a record 2.3 MMT, an increase of four per cent relative to MY2011/12. Palm oil accounts for 98 per cent of the total edible oil imports.