Kazakhstan increased exports of sunflower and rapeseed oil to China

Refined Sunflower Oil

RBD Palm Oil

Published Dec 28, 2023

Tridge summary

Between January and October, vegetable oil production in the country increased by 10.2%, with significant growth in soybean, rapeseed, and sunflower oil, but a decline in cottonseed oil production. Sunflower oil exports saw a 1.5 times increase, with the main buyers being Uzbekistan and China. Imports of sunflower oil decreased by 17.6%, while palm oil imports almost doubled, mainly from Malaysia.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

During January-October of this year, the production of vegetable oils in the country increased by 10.2%, to 549.6 thousand tons, compared to the same period last year. The growth affected soybean (+2.2 times), rapeseed (+ two times) and sunflower oil (+3.2%). But for cotton, on the contrary, there was a noticeable decline in production by 36.2%, reports the Bureau of National Statistics. If we consider the situation with exports, then for sunflower oil there is an increase in supplies abroad by 1.5 times. We are talking about 293.6 thousand tons, or $264.7 million. The main buyers were Uzbekistan - 117.8 thousand tons (+1.7 times) and China - 111.4 thousand tons (+1.9 times). Kazakh oil was also exported to Tajikistan, Afghanistan and Norway. The export of soybean oil also increased - by 19.2%, to 10.1 thousand tons ($8.2 million), which was supplied to Tajikistan, Uzbekistan and China. In addition, Kazakhstan sold 37.4 thousand tons of rapeseed oil, but this is slightly less than ...

Source: Oilworld