Kazakhstan increased sunflower oil exports by 1.6 times in 2023

Sunflower Seed

Nuts & Seeds

Published Mar 21, 2024

Tridge summary

Kazakhstan's Prime Minister Olzhas Bektenov announced a significant increase in the country's sunflower oil exports in 2023, with a 1.6 times rise to 364.4 thousand tons. The primary importers were Tajikistan, Uzbekistan, Afghanistan, and China. Additionally, the country experienced a 72% surge in the export of sunflower seed cake, a by-product used in livestock feed. The implementation of a 20% export customs duty on sunflower has boosted oil production and stabilized domestic market prices.

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Original content

At the end of 2023, Kazakhstan supplied 364.4 thousand tons of sunflower oil to foreign markets, which is 1.6 times higher than in 2022, said Prime Minister of the Republic Olzhas Bektenov. In value terms, the volume of supplies last year was $321.1 million. The main importers are Tajikistan, Uzbekistan, Afghanistan and China, says Bektenov’s published response to a parliamentary request. The share of unrefined oil accounted for 316.2 thousand tons (87% of all supplies), refined oil - 48.2 thousand tons (13%). There are more than 60 sunflower processing enterprises in Kazakhstan with a total capacity of 3 million tons per year. In 2023, the gross harvest of sunflower seeds amounted to 1.2 million tons, processing enterprises are operating at 40% of their capacity. Bektenov recalled that since February last year, Kazakhstan has had an export customs duty (ECD) on sunflower of 20%, but not less than 100 euros per ton. “As a result of the introduction of the ETP for the export of ...

Source: Milknews