Kazakhstan increased sunflower oil exports by 1.6 times in 2023

Published 2024년 3월 21일

Tridge summary

Kazakhstan saw a significant increase in its sunflower oil exports in 2023, with a total of 364.4 thousand tonnes exported, marking a 1.6 times increase from the previous year. The exports, valued at $321.1 million, were primarily to Tajikistan, Uzbekistan, Afghanistan, and China. Additionally, the country experienced a 72% increase in the export of sunflower seed cake, a livestock feed by-product, to markets such as Iran, Latvia, China, the UAE, Oman, and Korea. This surge in oil production and export stability was attributed to the introduction of a 20% export tax on sunflower seeds in 2023.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In 2023, Kazakhstan supplied 364.4 thsd tonnes of sunflower oil to foreign markets, which is 1.6 times more than in 2022, Prime Minister Olzhas Bektenov said. Last year, the volume of supplies amounted to $321.1 mln in value terms. The main importers are Tajikistan, Uzbekistan, Afghanistan and China, Bektenov said in a response to a parliamentary inquiry. The share of unrefined oil accounted for 316.2 thousand tons (87% of all supplies), refined oil – 48.2 thousand tons (13%). There are more than 60 sunseed crushing plants in Kazakhstan with a total capacity of 3 mln tons per year. In 2023, the gross harvest of sunflower seeds amounted to 1.2 mln tonnes, and the crushing plants were utilized at 40% of their capacity. Bektenov reminded that since February last year, Kazakhstan has been imposing an export tax on sunflower seeds in the amount of 20%, but not less than 100 euros per ton. “As a result of the introduction of the export tax on sunseed, oil production increased from 331.1 ...

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