Soyabean imports fell by 61.15 percent in the first ten months of FY2026, according to official data.
The import of soyabean oil into Pakistan during the first 10 months of the current financial year decreased by a significant 61.15 percent compared to the same period last year. This substantial reduction highlights a notable shift in domestic demand and supply dynamics for this commodity.
According to government statistics, the decrease is attributed to increased local production and improved self-sufficiency efforts. Local soyabean mills have ramped up their operations, leading to higher output of both raw beans and processed products such as oil and meal.
The decline in imports has also been influenced by favorable domestic prices for soyabean products, making them more competitive against imported alternatives. This trend is expected to continue, further reducing the country's reliance on foreign supplies.
Moreover, efforts towards sustainable farming practices and technological advancements have contributed to enhanced productivity of soyabean crops. These developments are fostering a robust domestic market that can meet internal demand effectively.
The reduction in imports not only supports local industries but also contributes positively to Pakistan’s trade balance by decreasing import costs and increasing export opportunities for related products such as animal feed and biodiesel.
As the country continues to focus on boosting its agricultural sector, these positive developments are expected to pave the way for further growth and stability in the soyabean market.
