Production of sunflower oil and meal significantly increased in Kazakhstan

Published 2023년 3월 30일

Tridge summary

Kazakhstan has seen a significant increase in its vegetable oil production in the first half of the 2022/23 marketing year, with a nearly 100% rise to 292.338 thousand tons. This includes an 113% increase in unrefined sunflower oil production and a 22% increase in refined sunflower oil production. The country also experienced a 105% increase in the production of high-protein feed like sunflower meal and cake. The main consumers of this product are poultry and livestock farms, and feed mills. The increase in sunflower oil production is set to have a positive impact on related industries, with some oil refineries reducing the prices for high-protein feed, resulting in a decrease in prices by up to 30%.

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

Original content

According to the results of the first half of 2022/23 MY, the production of vegetable oils in Kazakhstan increased by almost 100%, reaching 292.338 thousand tons. For the same period of the 2021/22 season, the production of oils amounted to 146.208 thousand tons. This was reported to APK-Inform by the National Association of Oilseed Processors (NAPMC). In particular, an increase of 113% is recorded in the production of unrefined sunflower oil, which was produced in 6 months of the current season by 229.379 thousand tons, while for the same period last season this figure was at the level of 107.579 thousand tons. NAPMK also notes a noticeable increase in the output of refined sunflower oil this season. From September 2022 to February 2023, Kazakhstani oil plants produced 85.375 thousand tons of this product, which is 22% higher than in the reporting period of the last season, when 69.968 thousand tons of refined oil were produced. Recall that in Kazakhstan it is planned to increase ...

Source: Oilworld