Kazakh creameries intend to increase exports of fat and oil products to Iran

Published Jul 23, 2024

Tridge summary

Kazakh oilseed processors are planning to increase exports of oil and fat products to Iran, following a 133% increase in exports to the country compared to the previous marketing year. The main market for Kazakh fat and oil products is Iran, which imports about 1.5 million tons of vegetable oils annually, including 50% sunflower oil. Yadykar Ibragimov, Chairman of the National Association of Oilseed Processors (NAPMK), stated that the development of exporting oil and fat products to Iran requires the establishment of oil tank farms at Caspian Sea ports with a capacity of at least 5 thousand tons.

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Original content

Kazakh oilseed processors plan to increase the export of oil and fat products to Iran. This was stated by the Chairman of the Board of the National Association of Oilseed Processors (NAPMK) Yadykar Ibragimov during the 1st Transport Trade and Export Forum “North-South”. He clarified that the main market for Kazakh fat and oil products through the ports of the Caspian Sea is Iran. Every year this country imports about 1.5 million tons of vegetable oils, of which 50% is sunflower oil, the rest is palm and soybean oil. As for the import of high-protein feed (meal/cake), the main type here is soybean, but sunflower is actively exported from Kazakhstan. Thus, over the 9 months of the current season, Kazakh processors sent more than 56 thousand tons of meal/cake and sunflower oil to Iran. This is 133% higher than the 2022/23 MY figure, with predominantly supplies of sunflower meal (69%). According to the head of NAMPK, in order to develop the export of ...

Source: Zol