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Uzbekistan increases sunflower oil import from Kazakhstan

Uzbekistan Materials 8 September 2020 19:31
Uzbekistan increases sunflower oil import from Kazakhstan

BAKU, Azerbaijan, Sept. 8

By Klavdiya Romakayeva - Trend:

Having reduced the price of sunflower oil, Kazakhstan was able to significantly increase its supplies to Uzbekistan, which made it possible to increase its share in Uzbek imports of this type of oil from 16 to 62 percent, Trend reports citing nuz.uz information agency.

The weighted average cost of sunflower oil imported by Uzbekistan from Kazakhstan decreased from $736.64 per ton in the first half of last year to $656.92 in the first half of this year.

In total, Uzbekistan increased the import of sunflower oil in the first half of 2020 in physical volume by 78.2 percent compared to the first half of last year to 15,890 tons, in value terms - by 74.2 percent. At the same time, the total weighted average price of purchased sunflower oil decreased from $690.07 per ton to $674.53.

The value of trade turnover between Kazakhstan and Uzbekistan amounted to $1.2 billion over 1H2020, compared to $1.5 billion during the same period of 2019.

The share of Uzbekistan in the total value of Kazakhstan’s trade turnover stood at less than three percent during the reporting period compared to 3.3 percent during the same period of 2019.

Kazakhstan’s export to Uzbekistan amounted to $878.4 million over the period from January through June 2020, compared to $990.06 million during the same period of 2019.

Kazakhstan’s imports from Uzbekistan stood at about $384.8 million over the reporting period, compared to $524.5 million during the same period of 2019.

Uzbekistan’s share in the total volume of Kazakhstan’s import amounted to 2.3 percent during the reporting period of 2020 compared to 3 percent during the same period of 2019.

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