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Kazakhstan's vegetable oil output nearly doubled in the first half of the 2022/23 marketing year to 292,338 tonnes, with crude sunflower oil up 113%. Kazakh oil plants also produced over 251,000 tonnes of sunflower meal and cake from September to February, 105% more than a year earlier.
Plans call for expanded refining capacity in 2023-2024.
Larger Kazakh sunflower meal output adds feed protein supply in Central Asia and nearby markets, which can soften sunflower meal prices. Higher oil output also adds competing vegetable oil supply.
apk-inform.comMar 30, 2023Not enough comparable past events yet for a historical read.
After 146 past bearish report events, Soybean Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.8% to +1.9%), and +0.4% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
