Iran refuses Kazakh grain

Published 2024년 7월 16일

Tridge summary

Kazakhstan is facing a decrease in grain exports as both Iran and Uzbekistan have announced plans to reduce imports, and Afghanistan is likely to follow suit due to cheap Russian flour and abundant harvests in Pakistan. The Grain Union in Kazakhstan, led by Yevgeny Karabanov, expresses concern about the potential negative impact on prices and the market, as the country's optimistic harvest forecasts do not account for these market shrinkages. Additionally, Russia's abundant harvest may lead to an increase in grain available in Kazakhstan's market, influencing prices. Karabanov suggests internal solutions, such as quota management, to address the influx of Russian grain, rather than political measures like duty introduction or bans that could negatively affect relations with Russia.

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Original content

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

Source: UkrAgroConsult