Pakistan has received its first shipment of soybeans in two years, carrying 65,000 metric tons from the United States. The arrival is expected to provide much-needed relief to the poultry industry and help stabilize rising chicken prices.
A spokesperson for the U.S. Soybean Export Council stated that soybean imports were halted in October 2022, leading to a 40% drop in poultry growth. The resulting shortage significantly increased chicken prices, making it harder for consumers to afford.
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With the resumption of imports, industry experts anticipate improved poultry production, which could help lower costs.
Speaking at the event, U.S. Consul General Scott Urbom emphasized the importance of soybean imports for Pakistan’s food security. He noted that the restrictions had driven up the cost of chicken and eggs, affecting millions of households.
He added that restoring soybean trade would benefit not only poultry but also the cooking oil and fisheries industries.
Pakistan imports over $300 million worth of soybeans annually from the U.S., making it the second-largest American agricultural export to the country after cotton. Officials believe that strengthening trade ties in soybean products can help stabilize food prices and support economic growth.
