On June 24 2021, International Islamic Food Processing Association (“IFPA”) held a bilateral meeting with the Executive Director of the Oil and Fat Producers Association of Kazakhstan (“Association”). The Association was established in 2016, and currently has the mission to support the comprehensive and sustainable development of the oil and fat producing industry in Kazakhstan by increasing the volume of high-quality and domestically produced natural products and enhance the export capacity.
During the meeting H.E. Sheikh Bilal Khan, Director General and CEO of IFPA and Ms. Dilyara Yevnieva, Executive Director of the Association discussed the production, economic and trade indicators of the oil and fat industry. Despite the impression given by several sources to the contrary, oils and fats are almost ubiquitous in food processing, and they remain an essential part of the human diet.
Ms. Dilyara Yevnieva noted that “the oil and fat industry is one of the fastest-growing and export-oriented industries. The segment includes butter, tallow, rapeseed oil, sunflower seed oil, cottonseed oil and other oils. Over the last years, the industry has shown positive trends and peak indicators in Kazakhstan.” H.E. Sheikh Bilal Khan remarked that “such meetings help us identify areas of opportunity and growth partnership through trade exports and inward investments to diversify the portfolio of assets suitable for OIC markets.”
The parties signed an agreement whereby the Association will join IFPA as a valuable honorary member and agreed to continue their discussions with their members through a jointly organized special forum.