News

Uzbekistan to ease restrictions on vegetable oil exports

Refined Sunflower Oil
Published Nov 21, 2023

Tridge summary

The Ministry of Economic Development in Uzbekistan has drafted a decree to increase the export activity of oilseed processing enterprises by lifting some restrictions on vegetable oil exports. Oil refineries will be permitted to export oil pressed from imported sunflower and cotton seeds, but the volume of exported oil cannot exceed 15% of the imported seeds since September 1. Discussions on the draft decree will continue until December 1, and if approved, it is expected to improve the business environment for the oilseed processing industry.
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 refineries will be able to export a part of cotton and sunflower oil from imported seeds. The Ministry of Economic Development has prepared a draft decree on “increasing the export activity of oilseed processing enterprises. The document envisions lifting some of the restrictions on exports of vegetable oils from Uzbekistan. According to the preamble, this will improve the business environment for the oilseed processing industry. Companies will be allowed to export oil pressed from imported sunflower and cotton seeds. At the same time, the volume of exported oil must not exceed 15% of the amount of seeds imported since September 1. They will also be allowed to ship abroad up to 50% of their imported finished sunflower and vegetable oil. Restrictions on the export of other vegetable and fruit oils are expected to be completely lifted. Discussion of the draft decree on the SOVAZ portal will continue until December 1. Exports of cotton, sunflower and other vegetable oils have ...
Source: UkrAgroConsult

What to read next

News
Grapes are beginning to sprout in Spain, but there is concern about drought and frost
PEefeagro · Apr 27, 2024
News
Chile: Easter Island is the first area in the world free of bee diseases
MXfruit · Apr 26, 2024
News
Bolivia and Argentina, main markets for Paraguayan Brahmin genetics
Productivacm · Apr 26, 2024
News
THE USDA predicted lower Chinese purchases of beef, but for now it is not happening: Business grew 22% in the first quarter, although with lower prices
Agromeat · Apr 27, 2024
News
The European Parliament approves a review of the common agricultural policy
Chacra Magazine · Apr 26, 2024

Read more relevant content

Opinion
Sugar Demand Surges in India Amid Summer Heat and General Elections
Mzingaye Ndubiwa · Apr 26, 2024
On-the-Ground Updates
Frosty Weather in Poland Disrupts Apple Orchards, Prices Set to Rise in 2024
Theodoros Damvakaris · Apr 25, 2024
Opinion
Forecasting Supply Chain Impact after EUDR Implementation: Lessons learned from EUTR
Hyunwoo Lee · Apr 25, 2024
Opinion
Implications of the EUDR for the Malaysian and Indonesian Palm Oil Industries upon Implementation
Benjamin Lategan · Apr 25, 2024
Opinion
Export Performance of Chile’s Processed Fruits During Jan-24 and Feb-24
Xchel Perez · Apr 24, 2024
Opinion
Ensuring Compliance and Sustainability in the Cocoa Industry: Collaboration with the Rainforest Alliance
Mzingaye Ndubiwa · Apr 24, 2024
On-the-Ground Updates
Price of Fresh Cuttlefish Surged 9.1% WoW in the Italian Market Due to an Abundant Supply
Giselle Landaeta · Apr 24, 2024
Opinion
The Bittersweet Story of Traceability and Ethical Sourcing Practices of Confectionery Industry Leaders
Sun Jae Lee · Apr 24, 2024
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.