China taking a serious interest in Kazakhstan’s fat-and-oil industry

10.11.2017

China has been a major importer of Kazakh oilseeds and vegoils over the recent years. In total, China’s oilseed and vegoil export shares in MY 2016/17 equaled 21% and 64%, respectively, reports UkrAgroConsult.

Kazakh oilseed supplies to China were represented mostly by sunseed: 101.15 KMT, or 37% of total oilseed exports.

Among vegoils, the most exportable was sunoil: 23.59 KMT (64%), which was followed by linseed oil: 12.50 KMT with an export share of 89%.

Overall, 2016/17 oilseed complex exports from Kazakhstan to China included 150.26 KMT of oilseeds (sunseed, soybeans, cotton and others) and 40.90 KMT of vegoils (sunoil, linseed oil, soybean oil and rape oil). 

Noteworthy is that China is ready to invest in production of vegoils in Kazakhstan with their further import. The products are to comply with the Chinese requirements and preferences. So, Kazakh ag minister Askar Myrzakhmetov held a meeting with representatives of a number of Chinese companies in mid-October. In the course of the meeting, they discussed possibilities for expanding mutual trade volumes and investments in Kazakhstan’s fat-and-oil sector.

 

UkrAgroConsult

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