big soybean oil extraction wanda in djibouti in pakistan

   
big soybean oil extraction wanda in djibouti in pakistan
                                               
                                               
                                               
                                               
  • big soybean oil extraction wanda in djibouti in pakistan
  • Which country produces the most soybean seeds in the world?
  • USA is the largest producer of soybean seeds in the world whereas Malaysia and Indonesia are largest exporter of Palm oil whereas India is the largest importer of edible oil. Global Oil seeds production was recorded at 576mln MTs during FY20 down by 3% YoY (FY19: 597mln MTs).
  • Why is soybean important in Pakistan?
  • Soybean cultivation in Pakistan was primarily aimed at enhancing the production of edible oil, but it has a little share in domestic production as compared to other oilseed crops including cotton (Gossypium hirsutum), sunflower (Helianthus annuus) and rapeseed (Brassica napus).
  • How did Pakistan’s edible oil market perform in FY20?
  • Pakistan¡¯s edible oil market was recorded at PKR 1,161 million in FY20 registering a YoY growth of 22% (FY19: PKR~950 million). Local consumption was recorded at ~4.9mln MTs in FY20 up ~3% YoY, as (FY19: ~4.7mln MTs).
  • What is the demand for edible oil in Pakistan?
  • The demand of the edible oil is expected to remain robust and expected to increase more in coming Ramzan month. Pakistan is heavily dependent on import of oil seed and edible oil to meet local consumption. Further the exposure to exchange rate movement is also high.