В Узбекистане снижаются запасы подсолнечного масла

Published Jul 6, 2022

Tridge summary

Uzbekistan's sunflower oil reserves have hit a record high of 110 thousand tons due to increased imports, but are projected to drop by almost four times to 28 thousand tons by the end of the current marketing year, due to trade restrictions within the Customs Union. Deliveries from Kazakhstan and Russia, the main suppliers, have decreased by 8% and 69% respectively. To maintain the sunflower oil supply in the market for the 2022/23 marketing year, there is a need to boost both imports and domestic production. The USDA anticipates a 58% increase in domestic butter production and a 33% rise in imports for the next season.

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

Original content

According to the June estimates of USDA analysts, at the beginning of 2021/22 MY, sunflower oil reserves in Uzbekistan were at the level of 110 thousand tons, which is a record high and was formed due to active imports of products over the previous two seasons. At the same time, by the end of the current MY, sunflower oil reserves in Uzbekistan may be reduced by almost 4 times and reach 28 thousand tons, which is the minimum figure since 2017/18 MY. This reduction is due to restrictions on sunflower oil trade within the Customs Union. In particular, according to APK-Inform information agency, in September-April 2021/22 MY, deliveries of these products from Kazakhstan to Uzbekistan amounted to only 38.6 thousand tons, which is 8% lower than the same indicator of the previous season (42.1 thousand . tons). Deliveries from the Russian Federation decreased more significantly - by 69%, amounting to only 37.2 thousand tons in September-April of the current MY against 119.8 thousand tons ...

Source: Oilworld