Uzbekistan: It is proposed to ease restrictions on the export of vegetable oil
Cotton Seed Oil
Published Nov 21, 2023
Tridge summary
The Ministry of Economy and Finance in Uzbekistan has proposed lifting restrictions on the export of vegetable oils, including cottonseed and sunflower oil extracted from imported seeds. The draft resolution aims to improve the business environment for the oil extraction industry and specifies that companies can export up to 15% of the imported seeds' volume as oil. Additionally, the restrictions on the export of other vegetable and fruit oils are expected to be completely lifted.
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
Oil factories will be able to export part of the cottonseed and sunflower oil from imported seeds. The Ministry of Economy and Finance has prepared a draft resolution on “increasing the export activity of enterprises processing oilseeds.” The document proposes to lift some of the restrictions on the export of vegetable oils from Uzbekistan. According to the preamble, this will improve the business environment for the oil extraction industry. Companies will be allowed to export the oil they extract from imported sunflower and cotton seeds. At the same time, the volume of exported oil should not exceed 15% of the amount of seeds imported from September 1. They will also be allowed to supply abroad up to 50% of the finished sunflower and vegetable oil they import. Restrictions on the export of other vegetable and fruit oils are expected to be completely lifted. Discussion of the draft resolution on the SOVAZ portal will last until December 1. The export of cottonseed, sunflower and ...
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