Corn prices fell in Kazakhstan due to high harvest

Farmers in the Zhetysu region have begun harvesting corn. They are expected to collect a good volume - over 1 million tons. After last year's problems, when it was impossible to sell corn, producers reduced the area under sowing. However, this year, problems are brewing on the market. The price of corn has dropped to minimum values. Farmers say that they will not be able to even "break even", the APK News agency reports. Compared to last season, this year, no difficulties with the sale of corn are expected, local authorities said. However, agricultural producers say that the factories that accept raw materials have such a low price that sowing and selling corn has become completely unprofitable. The starch plant in Zhetysu gives 55-60 tenge for 1 kg of corn. Remembering the situation last year, when it was impossible to sell corn due to overstocking of factories, this season they are ready to accept raw materials. However, the price set by processors does not suit agricultural ...