In 2015/2016 Kazakhstan exported 2157 KMT of flour, up by 27% YoY. The key importer of the last season was Afghanistan, doubling purchases to 1174 KMT flour against 660 KMT in 2014/2015 and accounting for 54% in the total flour export structure against 39% in 2014/2015. Uzbekistan also increased purchases but not essentially (+4%). Exports…
Moderately warm weather with precipitation and night frosts to 12 degrees C was observed in the south and south-east of Kazakhstan on October 21-31. Such weather conditions were less favorable for preparation of fields and completion of winter wheat planting. In Almaty region winter wheat is at stages varying from germination to emergence; its growth…
Agrarians of Kazakhstan are gradually getting interested in cultivating oilseed crops due to their profitability. Currently, oilseed price is 2-3 times higher than price of wheat depending on the quality. Moreover, interest comes not only from the side of Kazakh farmers, but also from the foreign investors. The example is the North-Kazakh region, where farms…
Kazakh National Oil and Gas Company KazMunaiGas (KMG) plans to liquidate some of its subsidiaries and take its functions, KMG chairman Sauat Mynbayev announced. “KazMunaiGas – Refinig and Marketing” will be liquidated probably until the yearend, “KazTransGas” will be liquidated in the first half of 2017″, Mynbayev said. He noted that subsidiaries of KazTransGas –…
In the coming years, Kazakhstan plans to significantly increase the exports of grains to the market of China – to 1-1.5 million tons annually since 2017-2018 period, with up to 2-2.5 million tons by 2020, the Chairman of the Grain Union of Kazakhstan Nurlan Ospanov declared. According to him, Kazakhstan will increase grain exports to…
A need will emerge to transport oil from Kazakhstan’s Kashagan field through Azerbaijan when Phase 2 of the field’s development starts, the press service of the Kazakh Energy Ministry reported. Production at the Kashagan field started in October. Several years will be needed for it to enter the second phase of development, although the exact…
Inflation rate in Kazakhstan hit 6.2% in January-October, Statistics Committee of the Ministry of National Economy of Kazakhstan reported. Food prices have increased by 5.7%, non-food items’ prices have gone up by 7.6%, and paid services’ prices have increased by 5.4% since early 2016. Kazakhstan’s inflation rate over the 12 months ending in October amounted…