SINGAPORE (Dow Jones) -- Pakistan's imports of canola seed are expected to fall 20% this year because of cheaper imports of palm oil, trading executives said Tuesday.
Pakistan is expected to import around 750,000 metric tons in 2012, they said. Pakistan traditionally buys canola seed from Australia and Canada.
Most canola seed crushers still have large volumes of unsold canola oil from their previous purchases because of consumers' preference for cheaper palm oil, one of the executives said.
Global palm oil prices are under pressure because of large inventories in major exporting countries, Indonesia and Malaysia.
In recent months, RBD ...