Kazakhstan will continue to increase the production and export of vegetable oils in 2022/23 MY

Published 2022년 11월 25일

Tridge summary

Kazakhstan's vegetable oil production and exports for the 2022/23 marketing year are expected to increase, driven by the sunflower oil segment and higher export shipments to China, according to Oil World analysts. This growth is attributed to the significant processing of oilseeds, especially sunflower seeds, which surged by 40% last season. The country's sunflower oil exports doubled in the previous season, reaching a record 200 thousand tons, while rapeseed oil exports also saw an increase. Uzbekistan, China, and Tajikistan are the primary recipients of these exports.

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

Original content

According to Oil World (Germany) analysts, in Kazakhstan, the production and export of vegetable oils in 2022/23 MY (Oct-Sept.) will increase compared to previous seasons, under the influence of the sunflower oil segment, as well as an increase in export shipments to China . It should be noted that in MY 2021/22 (Oct-Sept.), large volumes of oilseeds imported from the Russian Federation 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 (Germany) 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 (0.85 million tons last year) will further increase the volume of sunflower processing in Kazakhstan this season . Thus, exports of sunflower oil from Kazakhstan in 2021/22 MY (Oct-Sept.) doubled and reached a record of 200 thousand tons, ...

Source: Oilworld