It is more profitable for farmers of the Republic of Kazakhstan to sell sunflower seeds to processors than for export
Sunflower Seed
Kazakhstan
Published Dec 27, 2022
Tridge summary
Today, it is more profitable for agricultural producers of Kazakhstan, taking into account subsidies from the state, to sell sunflower seeds to the domestic market than for export. Therefore, the export duty on oilseeds, which is planned to be introduced in early 2023, should not affect the income of producers. This opinion was expressed by the General Director of Olzha Agro Aidarbek Khodjanazarov on his page on the social network.
Original content
He clarified that by selling raw materials to domestic processors and receiving partial subsidies from the state, as a result, sunflower seed producers are more profitable on the domestic market than on the external one. Olzha Agro is an agro-industrial holding of the Republic of Kazakhstan, uniting manufacturing and processing companies. The company's land bank is 960 thousand hectares, including arable land - 660 thousand hectares and pastures - 300 thousand hectares. Olzha Agro is one of the largest producers of sunflower seeds in the Republic of Kazakhstan with an average annual total yield of 60-80 thousand tons. ⠀ As APK-Inform previously reported, a group of deputies of the Mazhilis of Kazakhstan filed a request with the government to postpone the imposition of an export duty on sunflower seeds. The deputy’s request, based on the position of farmers in Kazakhstan, contains a number of requirements: to postpone ...
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