News

Kazakhstan increases oil production and exports

Refined Soybean Oil
Published Dec 28, 2023

Tridge summary

In the first ten months of the year, oil production in Kazakhstan increased by 10.2%, with significant growth in soybean, rapeseed, and sunflower oil, but a decline in cottonseed oil production. Sunflower oil exports increased by 1.5-fold, with the main buyers being Uzbekistan and China. Meanwhile, imports of sunflower oil and palm oil also saw fluctuations, with most of the imports coming from Russia, Malaysia, and Indonesia.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

In January-October of this year, oil production in the country increased by 10.2% to 549.6 thousand tons compared to the same period last year. The growth was in soybean (+2.2 times), rapeseed (+two times) and sunflower oil (+3.2%). On the contrary, cottonseed oil saw a 36.2% decline in production, according to the Bureau of National Statistics of Kazakhstan. If we consider the situation with exports, then there is a 1.5-fold increase in exports of sunflower oil. It is about 293.6 thsd tonnes, or $264.7 mln. The main buyers were Uzbekistan – 117.8 thousand tons (+1.7 times) and China – 111.4 thousand tons (+1.9 times). Kazakh oil was also exported to Tajikistan, Afghanistan and Norway. Exports of soybean oil also increased by 19.2%, to 10.1 thousand tons ($8.2 million), which was supplied to Tajikistan, Uzbekistan and China. In addition, Kazakhstan sold 37.4 thsd tonnes of rapeseed oil, but this is slightly less than last year – by 3.5%. Almost the entire volume went to China – 31 ...
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