China National Materials Group Corporation Sinoma recently announced it will buy annually a range of agricultural products from Kazakhstan, according to the press service of the Kazakh Ministry of Agriculture. This year, China will purchase sunflower in the amount of 50,000 tonnes, 80,000 tonnes of flaxseed, 100,000 tonnes of oilseed rape as well as vegetable oils in the amount of 90,000 tonnes, reported “The corporation appreciates the quality of Kazakhstan’s agricultural products and plans to sell it as goods of the premium class in China,” stated the press release…Full Article: The Astana Times Apr 2016

Key Points

  • China National Materials Group Corporation (Sinoma) plans on investing in a 40,000 MTs oil [unspecified] processing plant in Kazakhstan.
  • Kazakhstan and China are holding ongoing negotiations regarding Kazakh exports of vegetable oil, corn oil, legumes, vine crops, fruits, vegetables, beef, lamb, and honey.

ChinaAg Comments

  • In March 2016, China imported 1,000 MTs of sunflower seed oil and 1,000 MTs of rapeseed oil from Kazakhstan by rail. Launched in late 2013, the Xi’an-Almaty cargo train route (~6 days) generally only carried goods from China to Kazakhstan, but has now begun shipping goods into China.
  • In December 2013, the Zeleny corridor opened in Bakhty, East Kazakhstan Province and in its cross border checkpoint in Paikitu, Xinjiang Region, China. Additionally, Kazakhstan’s Akmola region [central Kazakhstan] planned to export 10,000 MTs of wheat to China by the end of the year. Kazakhstan expected to increase its wheat exports to China in the following years.

Similar Posts by ChinaAg

Spread the word. Share this post!