Kazakh creameries signed contracts in China for the supply of products worth over $11 million

Published 2024년 6월 26일

Tridge summary

The III Kazakhstan-China Interregional Cooperation Forum has led to significant contracts for the supply of fat and oil products from Kazakh creameries to Chinese companies, totaling $11.7 million. These contracts were signed by three creameries from the East Kazakhstan region at an exhibition in Urumqi, China, which featured products from 14 Kazakh oil factories. With China importing over 18 million tons of vegetable oils and meal/cake annually, the National Association of Oilseed Processors in Kazakhstan anticipates a substantial growth in exports, expecting them to reach $300 million by 2026, more than doubling the current figures.

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Original content

During the III Kazakhstan-China Interregional Cooperation Forum, Kazakh creameries signed contracts for the supply of fat and oil products. The total amount of supplies reaches $11.7 million, the National Association of Oilseed Processors (NAPMK) told APK-Inform. In particular, 3 creameries signed contracts from East Kazakhstan region: - VostokEcoLine LLP with Yima business limited company of Tacheng city for $1 million. - PC Sei-Nar LLP with Xinjiang Cui Nong Agri-Industries Group Co., Ltd for $9.2 million. - Yantar UK LLP with Tacheng Yongli bio oil Food Co., Ltd for $1.5 million. The exhibition, which takes place in Urumqi (XUAR, China), presents products from 14 oil factories in Kazakhstan (vegetable oil, high-protein feed (meal and cake), margarines, spreads, mayonnaise). As NAPMK clarified, there are more than 50 active oil factories in the Republic of Kazakhstan, which last season exported about 780 thousand tons of oil and fat products (up to 25% of them to China). ...

Source: Oilworld