Kazakhstan is increasing production and export of vegetable oils this year

Published 2022년 11월 26일

Tridge summary

Oil World analysts predict a rise in Kazakhstan's vegetable oil production and exports for the 2022-23 season, largely driven by the sunflower oil segment and increased export shipments to China. This growth is attributed to the significant processing of oilseeds, especially sunflower seeds, which surged by 40% due to imports from Russia. The double of sunflower oil exports to a record 200,000 tons in the 2021-22 season and the expected high volumes of imports from Russia and record sunflower seed harvests are key factors in this trend. China is expected to become an even more significant export destination for Kazakhstan's vegetable oils this season.

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

Original content

According to Oil World analysts, in Kazakhstan, the production and export of vegetable oils in 2022-23. (Oct.-Sept.) will increase compared to previous seasons, under the influence of the sunflower oil segment, as well as an increase in export shipments towards China. It is worth noting that in 2021-22. (Oct-Sept.) Large volumes of oilseeds imported from Russia were processed in Kazakhstan. In particular, the processing of sunflower seeds in Kazakhstan increased by 40%, up to 820-840 thousand tons, rapeseed - by 23%, up to 120-125 thousand tons. According to Oil World experts, the expected persistence of high volumes of imports from Russia, a record harvest of sunflower seeds in the amount of 1.05 million tons will further increase the volume of sunflower seed processing in Kazakhstan this season. So, the export of sunflower oil from the Republic of Kazakhstan in 2021-22. (Oct-Sept.) doubled to a record 200,000 tons, while rapeseed oil shipments increased 38% to 40,000 tons. The ...

Source: Agrosektor