Increasing processing capacity to stabilize prices for sunflower oil in Kazakhstan

To achieve stability in prices for sunflower oil in Kazakhstan this year, it is necessary to increase the utilization of processing capacities with raw materials. According to the chairman of the National Association of Oilseed Processors of Kazakhstan (NAPMK) Yadykar Ibragimov, at the moment the load on existing oil plants in the Republic of Kazakhstan does not exceed 40%. The expert explained that the workload of factories directly affects the cost of oil production, and the higher it is, the lower the cost of the finished product.

Another factor that will help maintain prices for sunflower oil within the country and purchase oilseed raw materials at higher prices from farmers is an increase in the volume of exports of oil and fat products. Uzbekistan remains the main importer, acquiring 40% of the total, while China has become significantly more active, increasing its share from 25% to 38%. Tajikistan received 16% of total sunflower oil exports.