Scenarios of the domestic oil and fat industry

Abstract

The production and industrial processing of oil-containing raw materials is a strategic task for the economy of the Republic of Kazakhstan. Domestic producers have the opportunity to dominate not only in the Central Asian region, but also to expand export flows along the developed transport routes. In addition, development of oil and fat industry of the republic will significantly reduce the impact of foreign intervention supplies on domestic market. The goal – is to identify the trends of main world players, as well as to determine the growth points of oil and fat subcomplex. The study used methods – to analyze the world branch economy: information from specialized sources and publications, official statistics from the US Department of Agriculture, foreign agricultural service of the sector "Oil crops: world markets and trade", consultations with Kazakhstani analysts in the field of agriculture, materials on the topic from open sources. Results – key global trends are identified, the average per capita consumption of vegetable oils in Kazakhstan is determined. Soybean, palm, sunflower, rapeseed and safflower are the main oil crops in the world and local space, the importance of legumes is noted. Besides exotic ones - palm trees and olives, almost all oilseed plants, which determine the global industry structure, are grown in the country. In terms of production and export of linseed oil and oil seeds, Kazakhstan producers are in the world's leading positions. The influence of restrictive anti-covid measures on production of vegetable oils is shown. An example of wholesale and retail trade is given, where a fixed trade margin for retail goods is applied. Conclusions – in the Republic of Kazakhstan there is a significant potential that can provide a dominant position in regional market and can become a catalyst for inter-industry mutually beneficial relations in food sector, fodder production and animal husbandry.