Sunflower reserves in Kazakhstan will be irrationally high by the end of 2023/24

The ending reserves of sunflower in Kazakhstan by the end of the current season (as of October 1, 2024) are projected to be up to 370 thousand tons. This amounts to 42% of the projected gross sunflower harvest in the country in 2023, the Grain Union of Kazakhstan reported. “Based on forecasts for the volume of sunflower production in 2023 (876 thousand tons in weight after processing), as well as imports, domestic consumption and exports, ending stocks as of October 1, 2024 are projected to be up to 370 thousand tons,” the report notes. message. The ZSK clarified that the increase in the volume of carryover stocks has been occurring since the period of active regulation of the export of sunflower seeds. “Reserves exceeding 90 thousand tons are irrational and indicate the current conditions that did not allow grain producers to timely and fully sell their products,” the Grain Union believes. According to ZSK estimates, unsustainable reserves of sunflower seeds in the Republic of ...