China ready to import soybeans from North Kazakhstan

11.06.2018

A meeting of a Chinese delegation with the leaders of North-Kazakhstan region was held in Kazakhstan to discuss mutual cooperation in the field of oilseed complex exports and imports, reports UkrAgroConsult.

North Kazakhstan, which accounts for 40% of the country’s oilseed output, attracts China with its potential for growing environmentally healthy products and is seriously considered as an alternative to soybean imports from Argentina and Brazil.

The delivery of the first soybean cargo (100 MT) from Kazakhstan to China is scheduled for the fall of this year. Overall, oilseed complex exports to China are expected to reach 150 KMT. In addition, further expansion of commodity turnover is envisaged in the near term.

North-Kazakhstan region’s potential in the oilseed segment is expected to grow in the new 2018/19 season due to diversification of planted areas. So, this year’s oilseed plantings will increase 40% to 1 Ml ha.

Kazakh soybean deliveries to China are on the rise now. So, 8.4 KMT of soybeans were shipped there in September-March 2017/18 (roughly 48% of total exports). Noteworthy, Kazakhstan exported almost twice as much soybeans to China in the first seven months of MY 2017/18 as for the whole of last season.

More detailed information on the latest trends in oilseeds/vegoils/meals exports, supply and demand balances with breakdown by crop as well as crop conditions and progress in planting in the countries of Black Sea Region is available to subscribers for weekly market report "Black Sea Vegoils" by UkrAgroConsult.

Further prospects of the Black Sea oilseeds/vegoils market will be discussed at the VI International Conference “Black Sea Oil Trade”, which will take place on September 20, 2018 in Hilton hotel, Kiev, Ukraine.

 

UkrAgroConsult

 

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