- Sunflower seed prices rise: Kazakhstan sunflower seed prices increased by 2,000 tenge to 205,000 tenge per ton as of December 29.
- Flax also gains: Flax prices climbed by 1,000 tenge to 212,000 tenge per ton, while other oilseed prices remained stable.
- Producer guidance: Market research bureau advises selling oilseed crops based on current operational requirements.
- Market tone: Overall outlook is neutral to slightly bullish amid firm regional oilseed fundamentals.
Kazakhstan Oilseed Market Update
Kazakhstan’s oilseed market posted selective price gains last week, led by sunflower seeds, which advanced by 2,000 tenge to reach 205,000 tenge per ton by December 29, according to Food Corporation data reported by APK News agency. Flax prices also moved higher, adding 1,000 tenge to settle at 212,000 tenge per ton over the same period.
Other key oilseeds were unchanged week-on-week. Rapeseed held at 213,000 tenge per ton, safflower at 174,000 tenge per ton, soybeans at 196,000 tenge per ton, and mustard at 221,000 tenge per ton, reflecting a generally stable pricing environment outside sunflower and flax.
Oilseed Price Snapshot (Kazakhstan)
| Commodity | Price (tenge/ton) | Weekly Change (tenge) |
|---|---|---|
| Sunflower seed | 205,000 | +2,000 |
| Flax | 212,000 | +1,000 |
| Rapeseed | 213,000 | 0 |
| Safflower | 174,000 | 0 |
| Soybeans | 196,000 | 0 |
| Mustard | 221,000 | 0 |
Market Analysis
Neutral to slightly bullish: The moderate increase in sunflower seed and flax prices points to steady domestic demand and limited selling pressure in Kazakhstan’s oilseed market. While Kazakhstan is a secondary player in the Black Sea export matrix compared with Russia and Ukraine, these firmer prices suggest a supportive regional backdrop for oilseeds.
The Grain and Oilseeds Kazakhstan research bureau recommends that producers sell oilseed crops according to current operational needs rather than aggressively holding or liquidating stocks. This guidance indicates that price levels are deemed fair and that market liquidity is sufficient, with broader grain prices also firming toward Food Corporation benchmarks.
Traders and processors should monitor whether the current firmness in Kazakhstan spills over into major Black Sea origins. Any parallel strengthening in Russian and Ukrainian sunflower markets could contribute to broader regional price stability or incremental upside for sunflower complex values.
Source: Market Data
Leave a Reply