Producers and processors of oil crops gathered in Astana at the conference

Today in Astana the first International oil and fat conference of Kazakhstan KazOil 2017 has started which gathered the largest producers and processors of oil crops of Kazakhstan, and a range of interested foreign companies.
         The Forum gathered about 200 participants from 19 countries of the world (Kazakhstan, Russia, Ukraine, China, Iran, Pakistan, Switzerland, Great Britain, Germany, Denmark, Italy, Poland, Bulgaria, the Baltic countries and others).
        The organizers of KazOil 2017 conference are Agro Industria KZ and APK-Inform Information agency with the support of the Ministry of agriculture, “KazAgro” National holding, Atameken National chamber of entrepreneurs. The general partner is Grain union of Kazakhstan association of legal entities. The sponsors are Wilmar China, SGS, KazExportAstyk Holding, Atameken-Agro JSC, Baltic Control Kazakhstan, Singenta Kazakhstan.
        In the previous 5 years Kazakhstan being traditionally grain country shifts priorities and intensively increase production of oil crops. The state policy aimed at diversification of planting and subsidizing of oil crops production, leads to reduction of import share in this sector and development of domestic processing production. In result in the recent year the oil and fat sector in Kazakhstan experiences a significant increase.
          Thus, by the results of 2016/17 the production of oil crops was a record-setting 1.9 million tons that is higher than for the period 2012-2016 by 27%. In 2017 cultivated areas under oil crops exceeded the last year level by 22% and amounted to 2.48 million ha. And despite expected decrease of yield compared with the previous season, gross collection by season results may increase up to 2.2 million tons (+17% compared to yield – 2016).
        Processing sector of Kazakhstan also shows upward dynamics. By results of ended 2016/17 the volume of sunflower processing amounted to record-setting 485 thousand tons, that is 36.6% higher than in the past season. At that the processing of sunflower oil amounted to 203.7 thousand tons. In 2017/18 processing of oil crops is expected in 480 thousand tons, and oil production may be 201.6 thousand tons.
          But for effective functioning of oil and fat industry in Kazakhstan it is necessary to solve sufficiently many actual tasks both in production and processing sectors.
The program of KazOil-2017 International conference consists of three sessions: Kazakhstan on the map of world oil crops market, World oil crops market: main trends, consumption markets and Modernization of oil and fat industry in Kazakhstan: challenges and perspectives. During discussion of actual issues a range of recognized Kazakhstan and foreign experts spoke: Nurzhan Altayev, Vice-Minister of agriculture of the Republic of Kazakhstan; Sayat Shortan, national consultant of the Food and Agricultural organization of UN; Fang Gang, General director of Sunflower Oil Trading, Wilmar China; Joe Feyertag, chief economist of LMC consulting company (Great Britain), representatives of the Ministry of agriculture of the Republic of Kazakhstan, KazAgro Holding, Kazakhstan and foreign producers and processors of oil crops and oil and fat products.
        Within the event the Memorandum on cooperation was signed between the company in KazAgro structure – “Agrarian credit corporation” JSC with “Oil and fat union of Kazakhstan” Association. Besides, the other subsidiary company of KazAgro Holding – “Food contract corporation” NC” JSC concluded a range of memorandums on cooperation to form and coordinate the single export policy on the market of vegetable oils.