NAPMK named three main problems of the oil and fat industry in Kazakhstan

Published May 11, 2023

Tridge summary

The oil and fat industry in Kazakhstan is facing challenges due to issues such as unreliable statistical data on oilseed production, unstable government policies, and logistical difficulties. The National Association of Oilseed Processors (NAPMK) has identified a discrepancy of over 30% between official statistics and its own data. The unpredictable state policies regarding the export of raw materials and logistical problems are negatively impacting the industry. NAPMK believes that the decision to introduce a 23% export duty on sunflower seeds, as done by Ukraine, is necessary to address the shortage of oilseeds in Central Asian countries.

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Original content

The main problems hindering the development of the oil and fat industry in Kazakhstan are the unreliability of statistical data on the production of oilseeds, unstable government policies and logistical difficulties. This was stated by the Chairman of the Board of the National Association of Oilseed Processors Yadykar Ibragimov. The problem with statistics is quite acute. After all, overestimated data on the production of oilseeds make it difficult to make adequate decisions for market regulation and business development. NAPMK estimates the discrepancy between official statistics and its own data at more than 30%. The unstable policy of the state regarding the export of raw materials also plays a negative role. “Only Kazakhstan remains the only source of oilseed raw materials for the countries of Central Asia, China, Afghanistan and others. The shortage of sunflower seeds in Central Asia is due to the fact that Uzbekistan, Kyrgyzstan, Turkmenistan and Tajikistan, due to natural ...

Source: Oilworld