Central Asian and Caspian countries are interested in purchasing Kazakh wheat of grades 3 and 4

Against the background of the expected high grain harvest in Kazakhstan and neighboring countries, the Food Corporation predicts stabilization and a certain increase in prices for Kazakh wheat and barley on export markets, Kazinform reports. These forecasts, as the Food Corporation notes, are based on a number of factors. A gradual increase in demand for barley from traditional suppliers (Iran, Iraq) due to a low barley harvest in Russia. For example, 140 thousand tons of grain were shipped to Iran by rail in September 2024 alone, against the background of isolated deliveries during the previous 8 months of this year. Today, the offer price from Iranian companies is significantly lower than the world price ($165 FOB Aktau), while the fair price on world markets is $195. Given the reduction of barley in Russia and the absence of other suppliers, prices are expected to rise to an equilibrium level in the future. In this regard, in order to maintain a stable market situation, it is ...