Vegetable oil production is growing in Kazakhstan

Published Mar 31, 2023

Tridge summary

In the first two months of the year, Kazakhstan saw a significant increase in vegetable oil production, with a total of 111.8 thousand tons, marking a 31% increase from the previous year. The production of unrefined oil surged by 40.2%, while that of refined oil decreased by 1.3%. The majority of the production, 77%, was from sunflower oil. Local companies met 82.9% of the demand, which increased by 43%, while imports decreased by 13%. Vegetable oil exports doubled, reaching 320.5 thousand tons. However, the prices for vegetable oil, especially sunflower and olive oil, also increased significantly in February. The country plans to increase its sunflower oil refining capacity by 106,000 tons in the next two years, aiming to boost its total refining capacity to 429 thousand tons by 2025, a 50% increase from 2021.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In January-February of the current year, 111.8 thousand tons of refined and unrefined vegetable oil were produced in the Republic of Kazakhstan - immediately by 31% more than a year earlier. At the same time, the production of refined oil decreased by 1.3% over the year, to 25.3 thousand tons, while the production of unrefined oil, on the contrary, increased by 40.2%, to 86.4 thousand tons. In the regional context, the most vegetable oil was produced in the East Kazakhstan region: 11.6 thousand tons of refined and 30.4 thousand tons of unrefined. In terms of the production of refined oil, Almaty occupied the second place (6.8 thousand tons), the third - Shymkent (5.7 thousand tons). In terms of the production of unrefined oil, the second line was occupied by the Abay region (20.3 thousand tons), the third - by Almaty (12.2 thousand tons). 77% of vegetable oil production in the country came directly from the most popular sunflower oil. Unrefined sunflower oil produced 68.5 thousand ...
Source: Oilworld

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