Uzbekistan increases imports of sunflower oil from Kazakhstan

Published 2022년 11월 7일

Tridge summary

Uzbekistan is diversifying its imports of sunflower oil and increasing purchases from Kazakhstan due to market instability. The country relies heavily on imports to meet its domestic needs, as its domestic production only met 24% of the demand in the 2021/22 marketing year. As a result, Uzbekistan's imports are expected to decrease by 20% in the 2022/23 marketing year. Traditionally, Russia and Kazakhstan have been the main suppliers of sunflower oil to Uzbekistan, but the share of supplies from Russia has significantly decreased, while Kazakhstan has increased its supplies.

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Original content

In the conditions of an unstable market, Uzbekistan is diversifying imports of sunflower oil and increasing purchases of products in Kazakhstan. This was reported by the analytical service of APK-Inform news agency. “As a net importer of sunflower oil, Uzbekistan is highly dependent on external supplies, especially during a period of unstable commodity flows and trade restrictions. This necessitates the diversification of imports and the search for stable partners," APK-Inform IA stressed. According to USDA, according to the results of the past 2021/22 MY, domestic consumption of sunflower oil in Uzbekistan amounted to about 305 thousand tons. At the same time, domestic production reached only 76 thousand tons. Thus, about 250 thousand tons were imported to meet domestic needs. Such a volume of imports also allowed the formation of significant carry-over stocks of sunflower oil, which are estimated at 131 thousand tons in 2021/22 MY, which is more than 40% of the projected ...

Source: Oilworld