Georgia bought sunflower oil from Kazakhstan for the second time in history

Published 2022년 11월 9일

Tridge summary

Georgia has made its first sunflower oil purchase from Kazakhstan in eight years, importing over 300 tons worth $500,000 due to issues with traditional suppliers, Russia and Ukraine. Overall imports from Kazakhstan to Georgia have risen by 75% in the first nine months of 2022, reaching over $24 million, with goods including fertilizers, wheat, and spices. The Georgian National Statistical Service attributes the increase to Kazakhstan's rise in sunflower oil production. The Honorary Consul of the Republic of Kazakhstan in Georgia, Georgy Dzhakhutashvili, sees Georgia as a logistical opportunity for Kazakhstani producers to access both Western and Eastern markets.

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Original content

For the first time in the last 8 years, and only for the second time in history, Georgia has purchased sunflower oil from Kazakhstan. This year, more than 300 tons of this product worth over $500,000 have already been exported to this country from Kazakhstan, Khabar 24 reports. Due to the tense geopolitical situation, Georgia was unable to import this product this year from its traditional suppliers - Russia and Ukraine - and turned to Kazakh producers, who significantly increased the production of sunflower oil. According to the National Statistical Service of Georgia, for 9 months of 2022, the volume of imports from Kazakhstan to Georgia increased by 75% compared to the same period last year and exceeded $24 million. The increase in imports from Kazakhstan to Georgia occurred not only for sunflower oil, but also for some other types of goods, for example, fertilizers, wheat, spices. However, the Georgian market is not so big, and therefore not so attractive for Kazakhstani ...

Source: Agrosektor