Pakistan importers are negotiating the purchase of about 66,000 tonnes of soy from the United States or Brazil, according to traders. Pakistan has been a big buyer of soy this year as import duties and local sales taxes have imports for local crushing more attractive than soymeal imports.
“The country has already purchased over 700,000 tonnes of soy since the end of February this year and Pakistani processors are crushing over 75,000 tonnes each month,” said a trader. According to USDA forecast, Pakistan’s soybean imports will rise from 450,000 tonnes in the 2014-15 season to about 1 million tonnes in 2015-16.
(Source – http://www.blackseagrain.net/novosti/pakistan-to-import-soybean-from-us-and-brazil)