Monthly sunflower oil exports from Kazakhstan hit new highs during the first three months in MY 2018/19. Consequently, the combined export volume in September-November is record-high, too: 17.3 KMT against 15 KMT a year earlier, reports UkrAgroConsult.
As Kazakhstan has aimed at stepping up oilseed production and processing, the 2018/19 season will bring export statistics up to a new level of at least 80 KMT.
The current season has witnessed changes in the ranking of traditional major importers of Kazakh sunflower oil (a combined export share of 98%). China reduced purchases by almost 39% and thereby yielded its place to Tajikistan (48%) and Uzbekistan (30%). In addition, Kazakhstan expands exports to the European market, but they are still insignificant.
Detailed analysis of the latest trends in oilseeds/vegoils/meals exports, palm oil imports, supply and demand balances with breakdown by crop as well as crop conditions and progress in planting/harvesting in the countries of Black Sea Region is available to subscribers for weekly market report "Black Sea Vegoils" by UkrAgroConsult.
Russia harvested a record 19.6 MMT of oilseeds this 2018/19 season