Kazakhstan plans to increase oil production to 79.5 million in 2017 and to 86.5 million tons in 2021, according to the 2017-2021 socio-economic development outlook, the Kazakh National Economy Ministry reported. In the baseline scenario, the oil price is expected at $35 per barrel in 2017-2019, with an increase to $45 per barrel by 2021.…
According to regional agricultural departments, as of September 15, Kazakh agrarians harvested grains throughout 9.667 million ha, or 63% of the planned areas, the Ministry of Agriculture of the Republic of Kazakhstan declared. As of the reporting date, agrarians produced 14.376 million tons of grains, up 2 times YoY (7.081 million tons). The average yield…
Since the beginning of 2016/2017 MY Kazakhstan supplied 992.7 thousand tons of grains and flour in grain equivalent to foreign markets, the Ministry of Agriculture of the Republic of Kazakhstan declared. In particular, the country exported 544.1 thousand tons of grains and 314 thousand tons of flour (448.6 thousand tons in grain equivalent). In 2015/2016…
According to official data, as of September 10, grain crops had been threshed from 9122.2 thousand ha, or 59.4% of the plan. 13557.8 KMT was harvested with the average yield of 1.49 MT/ha. On the same date of 2015, 5679.3 KMT of grain had been harvested from 5091.9 thousand ha with the average yield of…
In 2016/2017 MY, Ukraine will remain the global leader in sunflower seed production with the figure of 13-13.5 million tons, up by 1.8-2.3 million tons (or by16.3-20.7%) YoY, the General Director at the Association Ukroliyaprom Stepan Kapshuk declared. According to him, almost complete processing of sunflower seed on the domestic market of country, due to…
In 2015/2016 MY, Kazakhstan exported 86 thousand tons of grains to Azerbaijan, the Ministry of Agriculture of the Republic of Kazakhstan declared. According to the announcement, Azerbaijan remains one of the traditional export markets for Kazakh grains. But during several recent years Azerbaijan reduced purchases of Kazakh grains due to increase of domestic production volumes.…
The International Monetary Fund (IMF) has improved the inflation outlook in Azerbaijan for 2016 and 2017 to 10.2% and 8.5%, respectively, the fund’s report said. Earlier in April, the IMF expected inflation in Azerbaijan at the level of 12.8% for 2016 and at 9.5% for 2017. The IMF also expects inflation in Azerbaijan to decline…