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Pakistan Oil Market Outlook for Nov-25

Pakistan’s edible oil sector is showing a clear divergence trend, where palm oil imports and stocks are strengthening, while soybean oil imports continue to decline sharply amid changing import patterns and domestic processing shifts.

🌴 Palm Oil Imports – Strong Uptrend Continues

📊 Import Spending

  • 💰 First 4 months: $1.197 billion
  • 📈 FY 2025 total: $3.370 billion

📅 Monthly Trend

  • 📅 October: $322.21 million
  • 📅 September: $291.71 million
  • 📅 October last year: $262.96 million

👉 Imports show a steady upward trajectory driven by strong domestic demand

🛢️ Stock Position – Healthy Supply Pipeline

📦 Weekly Oil Stocks (24 Nov 2025)
  • 🌴 RBD Palm Olein: 278,000 MT (highest share)
  • 🟠 RBD Palm Oil: 175,000 MT
  • 🟡 C.D.S.B.O (soybean/cotton derivative): 10,000 MT
⚓ Port-Level Situation
  • 📦 Total stocks at Port Qasim: 463,000 MT
  • 🚢 Weekly refinery intake: 61,250 MT
  • 🚢 Expected new arrivals: 65,000 MT

👉 Stock levels indicate strong supply continuity with potential further buildup

🌱 Soybean Oil – Sharp Import Decline

📊 Import Spending
  • 💰 First 4 months: $35.18 million
  • 📉 Decline: -99.78% YoY
📅 Monthly Trend
  • 📅 October: $4.763 million
  • 📅 September: $4.380 million
  • 📅 October last year: $28.31 million
📊 FY 2025 Total
  • 🌱 Soybean oil imports: $372.022 million

👉 The decline reflects a major structural shift away from refined soybean oil imports

🔄 Market Shift – Changing Import Pattern

Key trend drivers:

  • 🏭 Increased domestic soybean seed crushing
  • 🛢️ Higher reliance on palm oil imports
  • 📉 Reduced demand for refined soybean oil
  • ⚙️ Refinery capacity absorbing more raw input oils

👉 Pakistan is shifting from refined oil imports → raw material processing model

⚖️ Market Balance – Current Situation

  • 📦 High palm oil availability
  • 📉 Weak soybean oil import flow
  • 🏭 Strong refinery activity
  • 🛒 Stable domestic demand

👉 Overall market remains well-supplied and operationally stable

🔮 Outlook

  • 🟢 Short-term: stable pricing due to high inventories

⚠️ Risk factors:

  • Global palm oil price volatility
  • Currency movement
  • Import timing fluctuations

🟢 Support factors:

  • Strong port arrivals
  • Consistent refinery demand

🔚 Conclusion

Strong palm oil imports and rising stocks are keeping the market stable, while the sharp decline in soybean oil imports reflects a long-term transition in Pakistan’s edible oil consumption and processing structure.

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