The Grain Union of Kazakhstan proposes to introduce a tariff quota for the export of sunflower seeds

Published 2023년 8월 2일

Tridge summary

The Grain Union of Kazakhstan is concerned about the large stockpiles of sunflower seeds in the country and recommends implementing a tariff quota to address the issue. Sunflower seed production in Kazakhstan has been steadily increasing, but the surplus has led to lost income for producers. Grain traders and butter producers are the main consumers of sunflower seeds, with effective demand estimated to be around 223 billion tenge in the current season.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Grain Union of Kazakhstan again draws attention to the problem of large residues of sunflower seeds. Experts report that the country needs to make a prompt decision on the introduction of a tariff quota, APK Novosti agency reports. According to the data presented, the production of sunflower seeds shows a consistent increase from 839 thousand tons in 2019 to 1.3 million tons in 2022. Stocks as of October 1 in the period from 2019 to 2021 were in the range of 215-271 thousand tons. After the introduction of restrictions on the export of sunflower seeds, stocks almost doubled, reaching 512 thousand tons by the end of the 2021/22 season. At the same time, reserves in the amount of 90 thousand tons (a two-month reserve for the production of butter for the domestic market) are considered optimal for Kazakhstan. The formation of such stocks is the task of either oil refineries or an operator in the grain market (Food Corporation). The task of grain producers is to achieve maximum ...
Source: Oilworld

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