A Chinese company plans to build a plant for the production of vegetable oil in Northern Kazakhstan, the country’s agriculture ministry reported. This issue was discussed at a meeting of representatives of the Chinese company with farmers of the region, as well as representatives of the Kazakh agriculture ministry, local authorities of the region, the JSC National Management Holding ‘KazAgro’ and the National Chamber of Entrepreneurs ‘Atameken’…Full Article: Trend News Agency Apr 2016

Key Point

  • The Chinese-backed vegetable oil plant (US$58 million) in northern Kazakhstan will have an annual production capacity of 80,000 MTs.

ChinaAg Comments

  • In April 2016, China’s Sinoma (China National Materials Group Corporation), a cement equipment and engineering company, will annually purchase agricultural goods (e.g. vegetable oil) from Kazakhstan.
  • 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!