Why is oil production down 19 percent in Pakistan?
Pakistan’s MY 2020/21 total oilseed production is down 19 percent, mainly due to the historically low cotton production of 4.5 million 480-pound bales. MY 2021/22 total oilseed production is projected to increase 13 percent based on an expected increase in cottonseed production.
Are oilseeds a major crop in Pakistan?
Dynamics of oilseed cultivation and production in Pakistan Oilseed crops are classified as minor crops in Pakistan that have less established cropping systems despite their importance in the national economy and trade (Amjad, 2014). Edible in Pakistan is extracted from mainly two types of oilseeds:
Why is oilseed cultivation declining in Pakistan?
Oilseeds cultivation in Pakistan has declined from 1.1 million hectares of area producing 0.926 million tons in 2003-04 to 0.577 million hectares of area producing 0.557 million tons in 2018-19. The area under oilseeds has decelerated due to its lower profitability viz-a-viz competing crops.
How much oil will Pakistan import in 2021/22?
Pakistan’s Marketing Year (MY) (October/September) 2021/22 edible oil imports are anticipated to be a record 3.7 million metric tons (MMT), up five percent over the previous year to meet increased demand. Palm oil continues to be the major imported oil with imports forecast at 3.6 MMT during MY 2021/22.