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    Home > Food News > Food Articles > The price of sunflower oil in Kazakhstan soars by 60%

    The price of sunflower oil in Kazakhstan soars by 60%

    • Last Update: 2021-08-13
    • Source: Internet
    • Author: User
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    According to the data released by the National Bureau of Statistics of Kazakhstan on August 2 by the Energy Industry Network, from January to June 2021, the output of unrefined sunflower oil in Kazakhstan was 93,300 tons, a year-on-year increase of 5.
    9%; the output of refined sunflower oil was 76,900 tons, a year-on-year increase 37.
    4%
    .
    Among them, unrefined sunflower oil is mainly produced in East Kazakhstan (67,400 tons, accounting for 72.
    2%), Costanay and Aktobe
    .
    Refined sunflower oil is mainly produced in Shymkent City (34,900 tons, accounting for 45.
    4%), East Kazakhstan and Almaty
    .
    The main production of sunflower oil companies, including "May" joint-stock company, Ust-Kamenogorsk oil mill Co.
    , Eurasian Food Corporation, Almaty EFKO Co.
    , Maslo-Del Limited
    .
     
    From January to May of 2021, the consumption of sunflower oil in Kazakhstan was 138,600 tons, a year-on-year increase of 13.
    7%, and the market self-sufficiency rate (including domestic market sales and exports) rose to 83.
    2% from 75.
    5% in the same period of the previous year
    .
     
    According to a report by Habar TV, at present, two of the four large sunflower oil producers in Kazakhstan have stopped production, accounting for more than 17% of the domestic market share in Kazakhstan
    .
    Before 2021, the average import dependence of ha sunflower oil is about 50%
    .
    Due to the suspension of production by two large companies, imported sunflower oil further squeezed the market share of domestic companies
    .
    In 2020, as global demand rises and harvests decrease under the conditions of the epidemic, the market price of sunflower oil has almost doubled
    .
     
    In June 2021, the average price of sunflower oil in Kazakhstan was 713 tenge/liter, a sharp increase of 60.
    4% over the same period of the previous year
    .
    Among the major cities in the country, the highest price of sunflower oil is Turkistan (773 tenge/liter); the lowest is Aktobe (621 tenge/liter)
    .
    The largest increase in sunflower oil prices was in Karaganda (+80%)
    .
    Other regions with larger price increases include Almaty (+75.
    9%) and West Kazakhstan (+73.
    9%); the region with the lowest price increase is Atyrau (+38.
    1%)
    .
    Sunflower oil
     
    From January to May of 2021, the consumption of sunflower oil in Kazakhstan was 138,600 tons, a year-on-year increase of 13.
    7%, and the market self-sufficiency rate (including domestic market sales and exports) rose to 83.
    2% from 75.
    5% in the same period of the previous year
    .
     
      According to a report by Habar TV, at present, two of the four large sunflower oil producers in Kazakhstan have stopped production, accounting for more than 17% of the domestic market share in Kazakhstan
    .
    Before 2021, the average import dependence of ha sunflower oil is about 50%
    .
    Due to the suspension of production by two large companies, imported sunflower oil further squeezed the market share of domestic companies
    .
    In 2020, as global demand rises and harvests decrease under the conditions of the epidemic, the market price of sunflower oil has almost doubled
    .
    price
     
      In June 2021, the average price of sunflower oil in Kazakhstan was 713 tenge/liter, a sharp increase of 60.
    4% over the same period of the previous year
    .
    Among the major cities in the country, the highest price of sunflower oil is Turkistan (773 tenge/liter); the lowest is Aktobe (621 tenge/liter)
    .
    The largest increase in sunflower oil prices was in Karaganda (+80%)
    .
    Other regions with larger price increases include Almaty (+75.
    9%) and West Kazakhstan (+73.
    9%); the region with the lowest price increase is Atyrau (+38.
    1%)
    .
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