China gives a good price for Kazakhstani meal

Published 2024년 10월 9일

Tridge summary

China is providing a lucrative market for Kazakhstan's oil and fat industry, with an annual import of over 18 million tons of vegetable oils and meal/cake. Chinese markets offer prices $20-30 per ton higher than Central Asian countries, enabling Kazakhstani producers to increase raw material purchase prices from local agricultural producers and boost foreign exchange earnings. A recent agreement with China has also allowed 24 oil mills in Kazakhstan to export meal/cake, with the first shipment totaling 46 thousand tons in the 2023/24 season. The National Association of Oilseed Processors anticipates that Kazakhstan's fat and oil product exports to China will reach $300 million by 2026.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

China buys Kazakhstani meal at higher prices than Central Asian countries. This market was called one of the most promising for the sale of Kazakhstan's oil and fat industry. This is a huge and solvent market that is capable of consuming large volumes of products. According to statistics, China annually imports more than 18 million tons of vegetable oils and meal/cake, the APK News agency was told by the National Association of Oilseed Processors. "It is noteworthy that in this direction, Kazakhstani producers can sell meal and cake at higher prices - the Chinese market offers prices $20-30 per ton higher than Central Asian countries. This allows oil mills to increase prices for the purchase of raw materials from local agricultural producers, and also contributes to the growth of foreign exchange earnings and the realization of the export potential of domestic oil and fat products," the Association noted. Another important point is that the Chinese market has opened this ...
Source: Oilworld

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