Saudi Arabia intends to import Kazakhstani grain in case of cost-efficient logistics, Batyr Batyrshayev, Kazakhstan’s Extraordinary and Plenipotentiary Ambassador to Saudi Arabia and concurrently to the Kingdom of Bahrain, said. Saudi Arabia annually spends about $22 billion on food imports. The kingdom is interested in Kazakhstani grain due to its high quality. However, high transport…
Flour production in Kazakhstan continued expanding in September. The country produced roughly 331 KMT of cereal flour, up by 4.4% YoY and by 12.3% MoM. In total Kazakh millers have managed to increase flour production in the country by 14.7% in 2016. As much as 2.93 MMT of flour was produced in Kazakhstan in this…
Kazakhstan will continue the process of diversification of the planted areas of agricultural crops: wheat areas will reduce by 2.3 million ha (from 12.4 million ha in 2016, to 10.1 million ha in 2021), the Deputy Prime Minister of the Republic of Kazakhstan, Minister of Agriculture Askar Myrzahmetov declared. Agrarians will plant barley, oats, corn,…
In September strong public interest was aroused by the Cabinet’s decision to cancel state regulation of prices and mark-ups for socially sensitive goods. This pilot project started on October 1, for a three-month period until the beginning of 2017. The project is aimed at proving the expediency of Ukraine’s current price regulation under which price…
In 2016 Kazakhstan produced one of the record harvests of grain crops in the history of the country’s independence, including 17.9 million tons of wheat and 3.3 million tons of barley, the Deputy Prime Minister of the Republic of Kazakhstan, Minister of Agriculture Askar Myrzahmetov declared. According to the announcement, in the current year Kazakhstan…
As of November 1, the registered carry-over stocks of grains and pulses in Kazakhstan totaled 18.84 million tons (up by 4.3 million tons MoM), the Statistics Committee of the Ministry of National Economy of the Republic of Kazakhstan reported. In particular, peasant and farming households stored 4.411 million tons of grains. Wheat formed the major…
In 2016 the profitability of agricultural production is expected to reach 41.8%, down by 3.8% YoY, the Director of the National Scientific Center “Institute of Agrarian Economics” Academician of the NAAS Yuri Lupenko declared. In particular, the level of profitability in plant growing commodities production will decline by 1.7% YoY, to 48.9%. The profitability of…