Iran refused Kazakh grain

Published 2024년 7월 12일

Tridge summary

Kazakhstan is set to lose grain markets as major importers, including Iran, Uzbekistan, and Afghanistan, reduce their purchases due to their own abundant harvests. This situation has made the market nervous, leading to careful purchasing behavior and price reductions. The quality and quantity of the Russian grain entering the Kazakh market will significantly impact the demand and price of Kazakh grain. Introducing duties on Russian grain imports is currently impossible due to the EurAsEC agreement, and any decisions on Russian grain import quotas would need to be managed by the Ministry of Agriculture.

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

Original content

Kazakhstan is losing grain markets. Iran has officially refused to purchase grain from Kazakhstan this year. Uzbekistan will also reduce the volume of imports. Afghanistan will do the same, official representative of the Grain Union of Kazakhstan Evgeniy Karabanov said in an interview with the APK News agency. In the conversation, the agency’s interlocutor mentioned that at this time analysts are making rosy forecasts about the record volume of harvest that Kazakhstan will supposedly harvest this season. According to E. Karabanov, such optimistic forecasts and prospects make the market very nervous. “Many importers are beginning to adjust their purchasing plans and decide to work “on wheels”, without stock, that is, to purchase only for a period of a week to ten days. And this is worse for our seller. They will buy less and very carefully, they will try to reduce prices. The situation may still change for the worse, but these forecasts will remain in people’s heads,” noted ...

Source: Zol