Vegetable oil production is growing in Kazakhstan

Published 2024년 6월 20일

Tridge summary

In the first five months of the year, Kazakhstan saw a significant increase in the production of vegetable oil, with a total of 317.5 thousand tons, marking a 13.1% rise from the previous year. This growth was primarily driven by a 17.1% increase in unrefined oil production, which now makes up the majority of the country's output. The East Kazakhstan region was the largest contributor to this production. The domestic market experienced a 27.4% decrease in vegetable oil sales, while imports fell by 22.7%. However, exports saw a notable increase of 54.2%, with 136 thousand tons sent abroad, primarily as sunflower oil. Retail prices for vegetable oil also dropped by 23.4% across the country, with the largest reductions observed in the Kyzylorda, Almaty, and Aktobe regions.

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

Original content

In January–May of this year, 317.5 thousand tons of refined and unrefined vegetable oil were produced in the Republic of Kazakhstan, 13.1% more than a year earlier. Including the production of refined oil decreased by 1.3% over the year, to 60 thousand tons, unrefined oil, on the contrary, increased by 17.1%, to 257.5 thousand tons. This was reported by the Kazinform agency with reference to energyprom.kz. Regionally, the largest volumes of vegetable oil were produced in the East Kazakhstan region: 100.8 thousand tons of unrefined and 29.4 thousand tons of refined. The top three in the production of unrefined oil were Abay and Akmola regions, and Shymkent and Almaty for refined oil. The bulk of vegetable oil production is accounted for by unrefined sunflower oil: 219 thousand tons, 37.8% more than a year earlier. Another 55.1 thousand tons was the production of refined sunflower oil, 20.9 thousand tons - refined and unrefined rapeseed oil, 10.7 thousand tons - refined and ...

Source: Inform