Since the beginning of 2016, Kazakhstan exported nearly 7 million tons of grains including flour in grain equivalent, the Vice Minister of Agriculture of the Republic of Kazakhstan Gulmira Isayeva declared. According to her, in the current year the country produced a record grain harvest – 23.7 million tons, with the average yield of 1.54…
Kazakhstan’s Energy Minister Kanat Bozumbayev said he had been negotiating with OPEC, but he believed the central Asian energy giant had already cut output enough this year. “Kazakhstan already slashed its oil output this year, and slashed it quite noticeably. We produced about 80 million tons of crude last year and will produce around 76.5…
In the first month of season 2016/2017 (September) Kazakhstan exported 355.16 KMT of wheat, up by 1/3 YoY (260 KMT). The key destination markets for Kazakh wheat in this period included its traditional importers: Uzbekistan, Tajikistan, and Afghanistan, but with substantially increased shipments for this time of season. Shipments to China also grew considerably. Kazakh…
In January-October the JSC Ak Biday Terminal, the subsidiary company of National Company Food Contract Corporation JSC, exported nearly 409.1 thousand tons of grains through its grain terminal in the Aktau port, the press-service of Food Contract Corporation declared. According to the announcement, in the same period of 2015 the shipped volumes totaled over 330…
Kazakhstan’s trade turnover with the Eurasian Economic Union (EAEU) amounted to $9.26 billion in January-September, down by 26.4% YoY, Kazakh Statistics Committee said. Kazakhstan’s exports to fellow EAEU countries decreased by 31.6%, to $2.75 billion, while imports were down by 23.9% hitting $6.5 billion, said the committee. A lion’s share – $8.66 billion – of…
Kazakh National Bank will issue a commemorative banknote with Kazakh President Nursultan Nazarbayev, said the message from the bank. The 10,000-tenge banknote will be issued by the Day of the First President on December 1. “The history of Kazakhstan’s Independence is inextricably linked with the personality of the head of state”, National Bank’s head Daniyar…
Inflation in Kazakhstan will remain within the target range of 6-8% in 2017 and will begin to smoothly enter into the corridor of 5-7% in 2018 on the baseline scenario, Kazakh Economy ministry says in its forecast. The baseline scenario envisages Brent oil price at $40 per barrel. “Inflation will slow down as a result…