Production of unrefined sunflower oil in Kazakhstan increased by 50%

Crude Sunflower Oil

Kazakhstan

Regulation & Compliances

Market & Price Trends

Published Feb 27, 2024

Tridge summary

Kazakhstan's 20% export duty on sunflower seeds, introduced in February 2023, has sparked controversy. Supporters, including the National Association of Oilseed Processors of Kazakhstan, argue it prevents depletion of raw materials and ensures food security, while critics claim it results in lost income for farmers and imposes an additional tax. The duty has also halted imports from Uzbekistan and Tajikistan. Despite this, the acreage for sunflower crops has increased. The potential shortage of sunflower seeds could impact factories' competitiveness and operations.

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

Since the introduction of a 20% export duty on the export of sunflower seeds in Kazakhstan in February 2023, disputes related to this measure have not subsided in the country. Supporters of the duty believe that by abandoning it, Kazakhstan risks being left without raw materials, and as a result, without affordable sunflower oil. This, in turn, can lead to the formation of total dependence on import supplies. Opponents of the export duty appeal to the fact that its presence leads to a lack of income for farmers and the actual imposition of an additional tax of at least 100 euros per ton, a Kazinform correspondent reports. An export duty on the export of sunflower seeds of 20%, but not less than 100 euros per ton, has been in effect in Kazakhstan since February 1, 2023. The decision to introduce it was due to the need to stop the uncontrolled export of sunflower raw materials from the country, to largely solve the problem of its shortage and, as a result, to avoid a further ...

Source: Inform