On February 11-20, air temperatures were 1-4 degrees C below normal in the south and south-east of Kazakhstan, where winter crops are cultivated. They were 2 degrees ‘ above normal in some areas. Precipitation occurred at above-normal rates everywhere. Frequent thaws that lasted for up to 6 days in the south of the country and…
Kazakhstan supplied 221 KMT of flour to foreign markets in December 2016, down by 5% YoY, but nevertheless it was one of the largest export volumes for this time of season. Kazakh flour exports for the four months of 2016/2017 were up by 23.3% YoY at 941 KMT against 763.3 KMT in September-December 2015. Afghanistan…
A new hydro power plant with a capacity of 24.9 MW will be built on Turgusun river in the East Kazakhstan region, Development Bank of Kazakhstan said in a message. Turgusun HPP-1 will produce up to 79.8 million kilowatt hours of electricity per year. The Turgusun hydro power plant in Zyryanovsk district of East Kazakhstan…
Kazakh barley exports somewhat intensified in November-December 2016. 154.6 KMT was shipped for export in December 2016 against 151.2 KMT in December 2015. However, this is not enough to catch up with the previous season’s exports. Kazakhstan exported 23% less barley in the four months of the current season compared to the same period a…
Kazakh state-owned Damu Entrepreneurship Development Fund will provide a credit line to Kazakh Kazkommertsbank in the amount of 1 billion tenge. The credit line will be directed to ‘Almaty Innovation’ program, which envisages financing of small and medium-sized businesses in the city of Almaty. As much as 500 million tenge of the credit line are…
Kazakh National Bank forecasts inflation rate in the country to decrease to 6.5-7% in 2017, and to begin to smoothly enter the target range of 5-7% in 2018, the bank said in a message. “Slowdown of inflation will occur on account of a decrease in inflation expectations, an enhancement of stability and predictability of the…
In the current MY wheat production in Kazakhstan will reach 17 million tons, the International Grains Council (IGC) reported. In particular, the beginning stocks of wheat in the country are estimated at 2.5 million tons, up by 0.1 million tons YoY. The total supply will reach 19.6 million tons, as opposed to 15.1 million tons…