Sunflower oil production volumes increased by 10.2% in Kazakhstan

Published 2022년 4월 19일

Tridge summary

The Ministry of Agriculture of Kazakhstan has implemented measures to stimulate the development of the oilseed industry and stabilize the domestic market. In September 2021, restrictions were placed on the export of sunflower seeds and oil, leading to a 10.2% increase in refined sunflower oil production by the end of 2021 and the stabilization of retail prices. Exports of sunflower oil have increased fourfold in the first half of 2022, with 60% of the exports going to Uzbekistan. To further support the industry, state subsidies are provided for the delivery of oilseeds for processing and the purchase of seeds, fertilizers, and pesticides, resulting in an increase in the cultivation area for sunflower seeds by 200 thousand hectares last year, with plans to increase sowing by an additional 20.7 thousand hectares this year.

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Original content

NUR-SULTAN. KAZINFORM To stimulate the development of the raw material base, oilseed producers in Kazakhstan are provided with state support measures, Kazinform reports with reference to the press service of the Ministry of Agriculture of the Republic of Kazakhstan. In order to meet the needs of the domestic market, stabilize prices and load processing enterprises, the Ministry of Agriculture of the Republic of Kazakhstan introduced restrictions on the export of sunflower seeds and sunflower oil in September 2021. At the end of 2021, the production of refined sunflower oil increased by 10.2% compared to 2020, since the introduction of restrictive measures, the retail price for sunflower oil has stabilized. Over the past period of 2022, sunflower oil exports increased 4.8 times compared to the same period last year (140.7 thousand tons and 28.9 thousand tons, respectively). Every year, 60% of the total volume of exports of sunflower oil is supplied to Uzbekistan, while there is an ...

Source: Inform