Kazakhstan: Creameries have not stopped importing Russian sunflower seeds

Published 2023년 12월 13일

Tridge summary

Creameries continued to import Russian sunflower after the government introduced duties and restricted exports from Kazakhstan, importing at a rate 2 times higher than before the introduction of the duty. The export duty significantly reduced the volume of sunflower exports from Kazakhstan, despite consistent growth in sunflower production from 2019 to 2022. The total supply of sunflower on the domestic market, taking into account official imports in 2022/23 MY, amounted to more than 1.5 million tons, with an average monthly consumption of 109 thousand tons.

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Original content

Creameries did not stop importing Russian sunflower after the government introduced duties and restricted exports. Moreover, after the introduction of this measure, processors imported at a rate 2 times higher than before the introduction of the duty. At the same time, the introduced export duty significantly reduced the volume of sunflower exports from Kazakhstan. The Grain Union presented an overview of the Kazakh sunflower market, reports the APK News agency. Sunflower production. According to the Bureau of National Statistics, between 2019 and 2022, sunflower production has shown consistent growth in planted area and gross yield. So, if in 2019 839 thousand tons of sunflower in weight after processing were produced, then in 2022 - 1.3 million tons. Unfavorable growing and harvesting conditions in 2023 led to a significant decrease in production volumes. The forecast for the gross harvest of sunflower is estimated at 973 thousand tons, and taking into account refining (10%) - ...

Source: Oilworld