On May 21, tripartite documents were signed at the National Managing Holding "Baiterek" between the Development Bank of Kazakhstan, the Export Credit Agency of Kazakhstan, and large oilseed processing enterprises in Eastern Kazakhstan - Altyn Shyghys LLP and Qazaq-Astyq Group LLP.
The agreements were concluded within the framework of the implementation of a new joint program of the Development Bank of Kazakhstan and the Export Credit Agency of Kazakhstan aimed at supporting the export of Kazakh products of oil and fats. The program includes tools for pre-financing and insurance, which will help Kazakh companies significantly increase production volumes and expand their presence in foreign markets.
The Development Bank of Kazakhstan will allocate financing to Altyn Shyghys LLP in the amount of up to 15 billion tenge and Qazaq-Astyq Group LLP up to 8 billion tenge. These funds will be used to purchase raw materials from domestic agricultural producers for further deep processing and subsequent export of the finished products. The Export Credit Agency of Kazakhstan will provide the necessary financing at a reduced rate to the Development Bank of Kazakhstan and will also insure exporters' contracts with deferred payment, reducing risks when entering foreign markets.
Additionally, the Export Credit Agency applies a similar mechanism of financing the fats and oils industry through second-tier banks. For example, in the current May, this scheme was used to finance the company LLP "Shymkentmay-Donya".
In Kazakhstan, there are 55 major oilseed processing enterprises capable of processing various types of oilseed crops such as sunflower, rapeseed, soybean, flax, safflower, and cotton. The processed products are exported to markets in Central Asia, Europe, the Middle East, and China.
Expected changes in Kazakhstan by 2025 include an increase in land allocated for oilseed crops by 12.4% compared to the previous year - up to 3.3 million hectares. According to market participants' forecasts, this will lead to an increase in the export of vegetable oils and meals to Central Asia by 6–10%, up to 580–600 thousand tons, strengthening the country's position as one of the key suppliers in the region.
According to the National Association of Oilseed Processing Companies, in the marketing year 2023/24, the export of Kazakhstan's oils and fats products exceeded 1 million tons, increasing by 30%.
