In 2023/24 MY, Kazakhstan increased sunflower oil exports by 43%

Published 2024년 10월 28일

Tridge summary

In the 2023/24 marketing year, Kazakhstan has seen a notable increase in the production and export of sunflower oil, with a 43% rise to 443.7 thousand tons compared to the previous year. The country's main export markets, Uzbekistan, China, Tajikistan, Afghanistan, and Latvia, have all increased their purchases of Kazakh oil. Uzbekistan and China were the largest importers, receiving 41% and 37% of the exports, respectively. This surge in sunflower oil exports represents Kazakhstan's commitment to enhancing its agricultural processing and international trade.

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

Original content

Kazakhstan is confidently developing the processing of oilseeds and the export of oilseed and fat products. Thus, in 2023/24 MY, Kazakhstan significantly increased the supply of sunflower oil to foreign markets - up to 443.7 thousand tons. This is 43% higher than the previous season (310.2 thousand tons). According to official statistics, all key importers increased their purchases of Kazakh oil. The TOP-5 buyers of this product at the end of the recently completed season included Uzbekistan, China, Tajikistan, Afghanistan and Latvia. Thus, 41% of sunflower oil from Kazakhstan (184 thousand tons) was shipped to Uzbekistan (125 thousand tons in the previous season). China accounted for 37% of shipments with an indicator of 164 thousand tons (117 thousand tons). Tajikistan imported 65.1 thousand tons of Kazakh oil (51.6 thousand tons) and accounted for 15% of shipments. ...

Source: Oilworld