Serik Zhumangarin: We will find an opportunity to support sunflower seed producers in Kazakhstan
Sunflower Seed
Kazakhstan
Regulation & Compliances
Published Feb 23, 2024
Tridge summary
The Kazakh government has declined a proposal to remove the 20% export duty on sunflower seeds, but has called for a review of the subsidy mechanism for farmers supplying sunflower to local factories. The Deputy Prime Minister, Serik Zhumangarin, has directed the Ministry of Agriculture to expand the area under oilseeds by 400 thousand hectares and consider subsidizing sunflower producers for domestic market deliveries. The subsidy amount would be equivalent to the budget received through the export duty. The government will individually address issues faced by farmers unable to sell their sunflower seed reserves.
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
Export duty on sunflower: raw materials or processing? The government did not support the proposal to abolish the export duty on sunflower seeds from February. However, Deputy Prime Minister Serik Zhumangarin instructed to review the mechanism for subsidizing farmers when delivering sunflower to Kazakh factories, as well as to solve the problem of selling unsold seeds. The Agrosektor.kz portal reports this with reference to the government press service. FOR REFERENCE: — Ukraine has established licensing for the export of sunflowers, there is an export duty on exports to Europe in the amount of 1.8% of the export price of sunflowers, the manufacturing industry has been developed on a large scale; — in Russia, the fixed export duty on sunflower exports of 50%, but not less than 32 thousand rubles per ton, was extended until August 31, 2024; — Export licensing has been introduced for sunflower in Belarus; — Kyrgyzstan has a zero VAT rate on the import of sunflower seeds exclusively ...
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