What is happening now in the oil and fat market of Kazakhstan

Published 2022년 6월 27일

Tridge summary

Kazakhstan's Ministry of Trade and Integration has advocated for the abolition of quantitative restrictions on agricultural exports in favor of export duties. Aliya Alimbetova, the department's director, criticized the use of quotas for oil exports and suggested a 20% to 30 euros per ton export customs duty on sunflower seeds. The ministry is keen to increase the supply of Kazakh products abroad rather than limit it. Additionally, the article covers the expansion in sowing areas and harvest sizes in Kazakhstan, with a focus on oilseeds, and the efforts to increase the supply of these crops for both domestic and international markets. The country is also working on free trade agreements with several countries to facilitate exports.

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Original content

Kazakhstan needs to move away from the practice of introducing quantitative restrictions on agricultural products and establish export duties. This opinion was expressed by Aliya Alimbetova, Director of the Foreign Trade Department of the Ministry of Trade and Integration, LS reports. According to her, the department she heads does not welcome the quotas for oil exports, as it advocates an increase in the supply of Kazakh products to foreign markets. "Of course, such measures are carried out in order to ensure food security, but, traditionally, this is the introduction of import and export customs duties. In the future, based on the balances that we will calculate from the new harvest, it may be better not to introduce the practice of establishing quantitative restrictions, but still establish export customs duties on the export of sunflower seeds, not oil," Alimbetova said during a speech at the FOC 2022 oil and fat conference in Almaty. According to her, according to the CIS ...

Source: Oilworld