Kazakhstan increased production of unrefined sunflower oil in 2021/22 MY

Published 2022년 9월 30일

Tridge summary

In the 2021/22 marketing year, Kazakhstan saw a significant increase in unrefined sunflower oil production, with over 278 thousand tons produced, marking a nearly 1.5 times increase compared to the previous year. This surge is largely due to the imposition of export restrictions on sunflower seeds and the development of new seed processing capacities in the country. The result has been price stabilization and increased export of sunflower oil, providing job stability for the local population. Despite geopolitical tensions, the domestic market has not experienced drastic price fluctuations, with prices for sunflower seeds and oil increasing marginally.

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Original content

More than 278 thousand tons of unrefined sunflower oil were produced in Kazakhstan in the 2021/22 marketing year, according to official data for the Republic of Kazakhstan. Compared to the 2020/21 season, product output increased by almost 1.5 times. Chairman of the Board of the National Association of Oilseed Processors (NAPMC) Yadykar Ibragimov attributes this dynamics to the introduction of quantitative restrictions on the export of sunflower seeds during the season and the emergence of new seed processing capacities in the country. “The increase in the production of domestic sunflower oil made it possible to stabilize prices in the domestic market and increase the export of these products, and the launch of new enterprises provided the local population with stable jobs,” the expert said. According to the head of NAPMK, prices for sunflower seeds have also grown in the country over the season: if at the start of 2021/22 MY, the crop was sold at 186-202 tenge per 1 kg ...

Source: Oilbranch