Kazakhstan has a high chance of increasing supplies of rapeseed oil to China

Published 2024년 2월 6일

Tridge summary

Kazakhstan's Ministry of Agriculture is contemplating the implementation of export customs duties on certain oilseeds, including soybeans and rapeseed. Despite the domestic demand for rapeseed being high and processing capacity exceeding 1 million tons annually, factories are operating at less than 40% capacity. China, which accounts for 74% of Kazakh rapeseed oil exports, is the primary buyer. The National Association of Oilseed Processors suggests that by processing domestic seeds, Kazakhstan could bolster its position in supplying rapeseed oil to China.

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Original content

The Ministry of Agriculture of Kazakhstan initiated the introduction of export customs duties on certain types of oilseeds, such as soybeans and rapeseed. To study this issue in the draft Comprehensive Action Plan for the development of processing of agricultural products and the food industry for 2024-2028. entrusted until the end of 2024 How will the restriction on the export of oilseed raw materials affect the oil and fat industry of Kazakhstan and what is the potential for the supply of processed products to foreign markets? APK-Inform decided to ask these questions to the head of the National Association of Oilseed Processors (NAPMK) Yadykar Ibragimov. “The demand for rapeseed in the domestic market is quite high; the processing capacity in Kazakhstan is more than 1 million tons of rapeseed per year, which is 9 times higher than the gross harvest. At the same time, according to NAPMK, the workload of factories in the republic does not exceed 40% ( taking into account the ...

Source: Oilworld