July 27, 2010

 

Pakistan to import Indian soymeal as demand bulks

 

 

Pakistan is expected to import the bulk of its soymeal demand of 3.60 lakh tonnes from India this year to meet its growing demand for high protein feed in livestock and poultry sector, according to a USDA report.

 

"Virtually, all of Pakistan's meal imports are comprised of soymeal from India. Imports in 2010-11 marketing year are forecast at a record 360,000 tonnes, up by 26% over last year's estimate", USDA said.

 

Last year, the neighbouring country had imported 2.85 lakh tonnes of soymeal. The soymeal marketing year starts from October. The growing demand for higher quality protein meal by livestock and poultry producers has increased the use of soymeal from the traditional 5-7% to 10-15%, USDA said.

    

It added that Pakistan was expected to source large quantity of soymeal from India because of lower freight fee due to proximity of ports for import as compared to the US.

    

The USDA noted that the prospects for import of US soymeal remains limited due to higher freight charges relative to India.

    

Soymeal has higher protein as compared to the traditional feed such as cottonseed meal, rapeseed meal and sunflower seed meal.

    

According to USDA, the requirement of oilseeds meal including soymeal in Pakistan is projected to be a record 33 lakh tonnes this year due to the anticipated expansion of the poultry, dairy and livestock sectors.

    

Oilseeds meal production in the neighbouring country is likely to grow by 16% to 30 lakh tonnes this year, against 26 lakh tonnes in 2009-10, it added.

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