Tajikistan: Prospects for the Vegetable Oil Market

Published 2023년 6월 2일

Tridge summary

Tajikistan is facing a significant gap between its domestic production and consumption of vegetable oils, with the country depending on imports to satisfy 85% of its demand. The annual import bill for vegetable oils is around $170-180 million. To address this issue, the government aims to boost local production by modernizing and expanding oil processing capacities and encouraging the cultivation of oilseeds. The plan includes the reconstruction of existing oil plants and the establishment of new small-scale producers. The government also intends to introduce incentives for farmers to cultivate oilseeds to reduce reliance on imports and lower the burden on consumers. However, the success of these efforts depends on overcoming various challenges such as low crop yields, limited land resources, and a lack of interest among farmers in oilseed cultivation.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Tajikistan aims to increase the capacity for the production of vegetable oils. But even so, domestic production will not be enough to saturate the domestic market. The country simply lacks processing capacities and raw materials proper. Production and Import According to experts, Tajikistan annually spends about $170-180 million on the purchase of vegetable oil, and the production of this product in the republic satisfies only 15% of domestic demand. In the next three years, Tajikistan plans to increase butter production by 20% and reduce imports of these products by 6.5%. Currently, the republic produces about 25 thousand tons of vegetable oil, and imports 98 thousand tons of this product. By 2025, according to the assessment of the main macroeconomic indicators, these figures should be 30.5 and 92 thousand tons, respectively. According to economists, at a consumption rate of 16.6 kg per person per year, taking into account population growth, Tajikistan's need for vegetable oil ...

Source: Oilworld