Kazakhstan has launched a program to finance the export of oil and fat products.
The implementation of this program will increase production volumes and enhance the competitiveness of Kazakhstani manufacturers in the international market.
Today, at JSC "National Managing Holding Baiterek," tripartite agreements were signed between JSC "Development Bank of Kazakhstan," JSC "Export Credit Agency of Kazakhstan," and the country’s leading oil processing companies — LLP "Altyn Shyghys" and LLP "Qazaq-Astyq Group."
These agreements were concluded to implement a new joint program by the Development Bank of Kazakhstan and the Export Credit Agency of Kazakhstan to support domestic producers of oil and fat products. The program includes pre-export financing aimed at forward purchasing of oilseed crops under existing export contracts.
.jpg)
The implementation of this program will increase production volumes and enhance the competitiveness of Kazakhstani producers on the international stage. In turn, this will contribute to the more sustainable development of Kazakhstan’s agro-industrial complex as a whole and provide stability for farmers through consistent demand from processors.
“Our producers of oil and fat products possess tremendous potential, and we fully recognize their key role in expanding the country’s export portfolio. The provided pre-export financing, including for the purpose of forward purchasing of oilseeds, is designed to ensure domestic producers have the necessary liquidity to timely fulfill their current obligations under export contracts. This will help minimize production and market risks, stabilize supply chains, and consequently significantly increase the export volumes of finished oil and fat products,” said Allen Chaizhunosov, Chairman of the Board of the Export Credit Agency of Kazakhstan.
The first participants in the new joint program will be LLP “Altyn Shyghys” and LLP “Qazaq-Astyq Group.”
The Development Bank of Kazakhstan will provide financing of up to 15 billion tenge to Altyn Shyghys and up to 8 billion tenge to Qazaq-Astyq Group. These funds will be directed towards the forward purchase of raw materials from domestic agricultural producers for further deep processing and subsequent export of finished products.
The Export Credit Agency of Kazakhstan will provide conditional funding at a reduced rate to the Development Bank of Kazakhstan, as well as insurance support for exporters’ contracts with deferred payment terms, allowing exporters to minimize risks when entering foreign markets.
.jpg)
In addition, the Export Credit Agency of Kazakhstan is implementing a similar funding mechanism for the oil and fat industry through second-tier banks. For example, in May of this year, under this mechanism, the exporter LLP “Shymkentmay-Donya” received funding.
The oil and fat industry of the Republic of Kazakhstan plays a key role in the agro-industrial complex, possessing significant export potential. The sector continues to demonstrate steady growth, with forecasts for 2025–2026 reflecting further development and strengthening of its positions in international markets.
There are 55 major enterprises operating in the country capable of processing various types of crops such as sunflower, rapeseed, soybeans, flax, safflower, and cotton. The processing of these crops enables supplies to foreign markets in Central Asia, Europe, the Middle East, and China.
In 2025, compared to the previous year, Kazakhstan is expected to increase the sown area of oilseed crops by 12.4%, reaching 3.3 million hectares. Consequently, exports of vegetable oils and meal to Central Asia are projected to grow by 6–10%, reaching 580–600 thousand tons, which will strengthen the country’s position as a key supplier of oil and fat products in the region.
.jpg)
According to the National Association of Oilseed Processors, Kazakhstan's export of oil and fat products exceeded 1 million tons in the 2023/24 season, marking a 30% increase. Kazakhstan ranks among the top 5 exporters of sunflower meal to European Union countries and has been among the top 10 global suppliers of sunflower oil since 2022. These achievements confirm the high export potential and strategic importance of the oil and fat sector.
