Pakistani importers have in past days purchased about 360,000 tonnes of soybeans expected to be sourced optionally from the United States or Brazil, European traders said on Monday.
Reuters reports that this brought Pakistani purchases of soybeans in the past month to almost 600,000 tonnes, mostly optional United States Gulf or Brazilian origin, excluding Rio Grande.
Pakistani purchasing interest continues and more sales are possible, they said.
“Exporters have some time to decide which origin to use but U.S. export premiums for soybeans are much lower than in Brazil so I think there is a general expectation that U.S. soybean will be supplied,” one trader said.
