Tridge summary
The article outlines the forecast for sunflower oil prices in Kazakhstan over the next three to four months, with a stable prediction if raw material costs remain stable. The price of sunflower oil is largely dependent on the cost of sunflower seeds, with Russia being a significant supplier. The upcoming marketing year is expected to be unpredictable due to potential raw material shortages and geopolitical factors, which could lead to price increases. The National Association of Oilseed Processors is calling for measures to increase the utilization of processing capacities and propose investment subsidies for the deeper processing of oil and fat products to reduce import dependence and market imbalance. Other proposed measures include reducing VAT on oilseed imports and redirecting funds to agricultural producers.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Wholesale prices for sunflower oil will not change in the next three to four months if the cost of raw materials stays at the level of 200-230 thousand tenge. Such a forecast was voiced by the LS Chairman of the Board of the National Association of Oilseed Processors Yadykar Ibragimov. According to the expert, everything depends on the cost of raw materials. "If the price of sunflower seeds at the beginning of the new season stays within 200-230 thousand tenge per ton (last year it started from 180 thousand tenge), then it will be possible to say that in the next three to four months, wholesale prices for sunflower oil will Kazakhstan will not change. I do not take into account retail here, manufacturers do not have the opportunity to influence it, control over them is carried out by the antimonopoly services," Ibragimov said. According to him, raw materials account for 80% of the cost of sunflower oil production. Therefore, even slight fluctuations in prices for it will be ...
Source: Oilworld
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