Kazakh farmers suffer from duties on the export of sunflower seeds

Sunflower Seed

Kazakhstan

Regulation & Compliances

Market & Price Trends

Published Feb 16, 2024

Tridge summary

Kazakhstan's Committee on Agrarian Issues is advocating for the removal of the 20% duty on sunflower exports, currently set at a minimum of 100 euros per ton. The deputies argue that this change would enable farmers to sell their products at a fair price in markets like Uzbekistan and China, potentially generating over 13 billion tenge in additional income. They also pointed out the unfairness of creameries being able to export sunflower, while the farmers who bear the cultivation costs and risks are not allowed to.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

Deputies of the agricultural bloc of the Mazhilis of the Republic of Kazakhstan demand the abolition of the duty on sunflower exports as early as February Deputies of the Committee on Agrarian Issues of the Mazhilis of Kazakhstan ask the new Government to abolish the duty on sunflower exports (which is 20%, but not less than 100 euros per ton). This should be done as early as February of this year, said deputy Serik Egizbaev, voicing a deputy request at a plenary meeting of the Mazhilis. “This will allow peasants to sell products that are in demand in Uzbekistan and China at a fair price. The difference between the domestic and export prices is about 60 thousand tenge per ton,” the deputy noted. According to him, taking into account the export potential of sunflower in the amount of 226 thousand tons, Kazakh farmers can receive additional income of more than 13 billion tenge. According to Egizbaev, the introduction of an export duty and an increase in imports led to a drop in ...

Source: Agrosektor