Last week Ukrainian wheat export prices continued growing on the same factors. Demand for Ukrainian wheat remains strong, while supply is shrinking. This is particularly noticeable in the case of 3rd grade milling wheat. Export prices for Ukrainian milling wheat closed last week up by another $2/MT. So, export market prices for Ukrainian milling wheat…
On November 11-20, air temperatures were falling in Bulgaria. They dropped to 5-7 degrees C below zero in some areas. These weather conditions stopped growing processes in winter crops. Winter cereals are mostly at three-leaf stage of plant development. Winter wheat and barley seeded on October 1-10, are at tillering stage. Cereals planted in November…
There is a plan to build a new berth on the Adzhalyk estuary near the port of Yuzhny. The berth would service a Delta Wilmar plant owned by Singapore’s Wilmar International and Delta Exports. The Singaporean investor intends to expand the production facilities. To operate effectively, an own berth is needed. Under the best scenario,…
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…