In 2023, Kazakhstan intends to supply 300 thousand tons of sunflower meal to China

Published 2022년 11월 14일

Tridge summary

Kazakh oilseed processors plan to begin exporting sunflower meal/cake to China in 2023, following the anticipated signing of a draft protocol by the end of the year. This move is expected to increase prices paid to oilseed producers, as the Chinese market is known to be large and able to absorb the surplus from Central Asia, where production exceeds consumption. The National Association of Oilseed Processors (NAPMC / NOPA) in Kazakhstan, which represents the majority of the country's oilseed processing industry, is spearheading these efforts.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In 2023, Kazakh oilseed processors plan to start exporting sunflower meal/cake to China. This was stated by the Chairman of the National Association of Oilseed Processors (NAPMC / NOPA) Yadykar Ibragimov at the International Conference "Asia Grains & Oils Conference in Qazaqstan 2022" in Astana. “By the end of this year, we expect to sign a draft protocol on the export of meal/cake to China. Starting next year, the Chinese market should open for us,” the head of the association hopes. According to NAPMK, over the past two seasons, China has imported about 2.2 million tons of sunflower meal. “The market is huge, and it will be possible to supply the surplus that we have to Western and Central China,” Ibragimov stressed. He expressed confidence that the opening of such a large sales market would allow Kazakh processors to raise prices when purchasing oilseeds from producers. “If the cost of meal/cake in the direction of Asia is lower, then the price for China may be 20-30 dollars ...
Source: Agrosektor

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