Export of rapeseed oil from Kazakhstan in February was carried out at a record pace

Published 2022년 3월 31일

Tridge summary

In February 2022, Kazakhstan's rapeseed oil exports saw a significant increase of 35% from the previous month, reaching nearly 6 thousand tons. This figure marks a 9.9 times increase compared to February of the previous marketing year and is the highest monthly total since March 2020. Notably, all of the exports for the month were to China, contributing to China's import of 14.9 thousand tons, which made up 61% of Kazakhstan's total exports since the start of the 2021/22 marketing year. USDA analysts predict that Kazakhstan's rapeseed oil exports could hit 25 thousand tons in the current season, with the actual exports almost reaching this figure.

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

Original content

According to the Bureau of National Statistics of the Agency for Strategic Planning and Reforms of the Republic of Kazakhstan, the export of rapeseed oil from Kazakhstan in February 2021/22 MY almost reached 6 thousand tons (excluding supplies to the countries of the Customs Union). This indicator is 35% more than in January, 9.9 times more than in February of the previous season and is the maximum monthly value since March 2020. Traditionally, purchases of rapeseed oil by China are activated in the second half of the season. February of the current marketing year was no exception, and all deliveries were made in this direction, which was due to the solution of logistical difficulties at the border with China and high demand. “Since the beginning of 2021/22 MY, China has imported 14.9 thousand tons of Kazakhstani rapeseed oil, which accounted for 61% of the total exports from the country for ...

Source: Oilworld