China has become the largest importer of Kazakhstani barley

Published 2024년 5월 16일

Tridge summary

Chinese barley imports from Kazakhstan have surged to 723,000 tonnes due to high demand for feed and competitive pricing. The US Department of Agriculture FAS estimates Kazakh barley production at 3.25 million tons, with exports projected at 1.5 million tonnes for MY 2024/25. Wheat production is expected to improve thanks to better soil moisture, despite some flooding issues. Wheat exports are forecasted at 11.1 million tons, with significant trade agreements with China, although logistical challenges at railway stations and customs persist. Key importers of Kazakh wheat include Uzbekistan, Afghanistan, and Tajikistan, despite a 20% decrease in overall wheat exports compared to the previous year.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Chinese barley imports quadrupled from the previous year to 723,000 tonnes. This is stated in the report of the US Department of Agriculture FAS (Foreign Agricultural Service). Grain producers estimate barley production at 3.25 million tons due to high yield prospects, Kazinform reports. The FAS forecast for barley exports for MY 2024/25 (marketing year) is 1.5 million tonnes due to improved production. This estimate is based on competitive export prices and traders' expectations of stable demand from China. The increase in production led to an increase in exports; from July to February 2023/2024, exports amounted to 939,000 tons, which is almost 30% more than in the same period of the previous year. Since the beginning of the marketing year, China has become the largest importer of Kazakh barley. The increase in Chinese imports to 723,000 tons is associated with high demand for feed and the relatively favorable price of Kazakh barley for China. Uzbekistan became the second ...

Source: Inform