Despite the export duty, sunflower seeds are actively exported from Kazakhstan

Published 2024년 1월 18일

Tridge summary

Kazakhstan has been actively exporting sunflower seeds despite the 20% duty imposed on their export, with an average of 20 thousand tons being exported per month, reaching 26 thousand tons in November 2023. The National Association of Oilseed Processors (NAPMK) emphasized that the shortage of sunflowers on the domestic market has led to proposals to abolish the export duty, but they believe this would jeopardize the country's food security and is being pushed by individual stakeholders for personal gain. Despite the decrease in sunflower prices, the production of unrefined and refined sunflower oil has increased, as well as the export of sunflower oil.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Despite the current duty on the export of sunflower seeds (20%, but not less than 100 euros per ton), oilseeds are quite actively exported from Kazakhstan. As APK-Inform was informed by the National Association of Oilseed Processors (NAPMK), since the beginning of the current 2023/24 MY, on average, about 20 thousand tons of sunflower seeds and kernels have been exported from Kazakhstan per month, which ultimately may correspond to the annual volume of sunflower exports from the republic . According to official statistics, in November 2023, about 26 thousand tons of sunflower seeds were exported from Kazakhstan, which was the highest figure since February 2023, when the duty was introduced. “Despite the situation with a shortage of sunflowers on the domestic market, which this year was aggravated by the negative influence of climatic conditions both during the growing season and during the harvesting period, proposals periodically arise to abolish the export duty, which is 2.5 ...

Source: Oilworld