Kazakhstan increases supplies of oil and fat products to China

Published Nov 10, 2023

Tridge summary

Kazakhstan has seen a significant increase in the export of sunflower oil to China in the 2022/23 season, reaching 112.5 thousand tons, which is 2.3 times more than the previous season. However, no deliveries of meal have been made in the last three seasons, but negotiations are ongoing to resume exports. While the export of rapeseed oil has almost recovered to pre-Covid levels, exports of flaxseed oil have decreased significantly, despite an increase in the export of raw materials. Kazakhstan has the potential to export vegetable oils and meal worth $300 million to China, according to estimates.

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

Original content

Results of exports of Kazakh fat and oil products to China in the 2022/23 season. During this period, supplies of sunflower oil increased most significantly – up to 112.5 thousand tons. This is 2.3 times more than in MY 2019/20, 11.4 times more than in MY 2020/21 and 2 times more than in the 2021/22 season. As for meal, there have been no deliveries of it in the last three seasons (while in 2019/20 MY, exports of these products to China amounted to 22.6 thousand tons). However, at the moment, the relevant departments of Kazakhstan and China are actively negotiating to resume the export of meal (cake) from the Republic of Kazakhstan to China. Exports of rapeseed oil from Kazakhstan to China in 2022/23 MY practically recovered to the volumes of the “pre-Covid” period, amounting to 41.1 thousand tons (against 24.5 thousand tons in the previous season and a very insignificant 4 thousand tons in 2020/21 MG). Also in the past season, the supply of a small volume of rapeseed meal (4.2 ...

Source: Oilworld