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The rise in prices for oilseeds in Kazakhstan: analysts provide recommendations on current market trends.
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The rise in prices for oilseeds in Kazakhstan: analysts provide recommendations on current market trends.

Prices for oil crops in Kazakhstan are rising, remaining stocks are being sold without VAT. Prices for flaxseed, rapeseed, and sunflower have changed, while safflower is becoming cheaper. Analysts recommend selling flaxseed, rapeseed, and sunflower, while postponing sales of safflower, soybeans, and mustard. Everyone is waiting for better prices.

6 September 2024 6 September 2024

There is an increase in prices for oil crops in Kazakhstan, as reported by analysts from the Research Bureau "Grain and Oilseeds. Kazakhstan". However, according to their data, this concerns only residues and conditioning material without acidity and other laboratory defects.

The first offers are appearing on the flax market, and their formation is carried out taking into account the prices for Russian flax. Purchases of safflower have started in the south of the country. The initial prices for oil crops are announced without VAT, "on wheels".

According to the latest data, the average price of flax as of September 2 has decreased by 18,000 tenge and amounts to 182,000 tenge per ton with VAT. Rapeseed costs 220,000 tenge per ton at the elevator. The price of sunflower is 175,000 tenge.

Analysts recommend selling flax, rapeseed, and sunflower as needed, while safflower, soybeans, and mustard are recommended to be postponed. Experts believe that there will soon be an opportunity to sell them at a more favorable price than now.

Currently, the price of safflower is 90,000 tenge per ton, which is 9,000 tenge lower than last week. The price of soybeans is 200,000 tenge, unchanged for the week. Mustard costs 250,000 tenge per ton, down by 20,000 tenge in a week.

As for leguminous crops, prices on them, according to traders' data, have decreased. But at the moment, this is still related to random operations.

Analysts suggest obtaining the entire crop and having a complete picture of the average quality.

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