Kazakhstan harvested a record oilseed harvest of 4.7 mln tons
For the second year in a row, Kazakhstan has harvested a record grain crop – approximately 27 million tons. Furthermore, this year saw a record harvest of 1 million tons of legumes and 4.7 million tons of oilseeds. Deputy Prime Minister and Minister of National Economy Serik Zhumangarin announced this at a government meeting.
According to the Deputy Prime Minister, agriculture has entered a phase of seasonal growth. Gross output in the sector increased by 6.1%, accelerating by 0.7 percentage points compared to January-October.
“This growth was driven by a 7.6% increase in crop production, driven by favorable weather conditions and high yields of grain and oilseed crops. A strong cotton harvest is also expected.
It was previously reported that in the next three years, the area under oilseeds in Kazakhstan will expand by another 1-1.5 million hectares, and that exports of oilseed products from Kazakhstan by the end of the 2025/26 season will exceed $1 billion.
For almost 30 years of expertise in the agri markets, UkrAgroConsult has accumulated an extensive database, which became the basis of the platform AgriSupp.
It is a multi-functional online platform with market intelligence for grains and oilseeds that enables to get access to daily operational information on the Black Sea & Danube markets, analytical reports, historical data.
You are welcome to get a 7-day free demo access!!!
Read also
Delays in edible oil shipments could force Ukrainian oilseed crushing plants to sh...
Ukraine resumes sunseed exports to Bulgaria after September pause
Black Sea grain surplus could trigger a collapse in global prices once ports reopen
EU records worst corn harvest in 20 years at 50.2 mln tons
India to launch sunflower oil futures trading
Write to us
Our manager will contact you soon