Europe started purchasing Kazakh sunflower oil
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Europe started purchasing Kazakh sunflower oil

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Author:

Svetlana Kupreeva

UkrAgroConsult

Analyst

Kazakhstan exported 8.5 KMT of sunflower oil in February 2019, or 25% more than in the previous month and up 37% from February 2018.

This season continues to hit highs due to growth in sunflower seed crush. So, sunflower oil exports in the first half of MY 2018/19 (September-February) set a new record of 40.4 KMT against 39.4 KMT a year earlier, reports UkrAgroConsult.

In view of Kazakhstan’s commitment to increasing oilseed production and processing, the 2018/19 season will see export statistics rise to a new level of at least 80 KMT.

The ranking of traditional top importers of Kazakh sunflower oil (a combined 98% share in its total exports) changed this year. China reduced purchases by almost 20% and thereby yielded its place to Uzbekistan (up 22% year-on-year). Exports to Tajikistan grew by 24%. In addition, shipments to European countries such as the Netherlands and Belgium were started this season.

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UkrAgroConsult

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