USDA sees Pakistan ’17-18 soybean import at 2 million metric tonne.

USDA has projected Pakistan soybean imports at a record 2.0 million metric tonne in 2017-18 (Apr-Mar), compared with an estimated 1.6 million metric tonne last year. Lower import duty on soybean and higher duty on soymeal are resulting in higher imports of the oilseed in Pakistan. Improved demand from poultry industry and rising consumption of protein-rich food has been escalating imports of soybean, which is crushed to produce soymeal.