Kazakhstan: All market for grain and oilseeds participants on a forced pause

게시됨 2022년 3월 3일

Tridge 요약

The article highlights the impact of the Ukraine conflict on Kazakhstan's grain and oilseeds market, with trade activities coming to a halt as market operators assess the situation and anticipate price drops. Experts caution that political instability and high volatility make it challenging to predict future market trends. Additionally, potential EU sanctions against Russia could further affect the global agricultural market, possibly leading to a surge in Russian wheat in the Kazakh market and challenging the storage capabilities. The article also discusses the prospects for the new season and alternative export routes for Kazakh wheat through Georgian ports, and the possibility of Russian banks financing Central Asian banks with ruble liquidity for grain purchases.

면책 조항: 위의 요약은 정보 제공 목적으로 Tridge 자체 학습 AI 모델에 의해 생성되었습니다.

원본 콘텐츠

This week in Kazakhstan, the market for key grains and oilseeds took a forced pause amid trade uncertainty due to the conflict in Ukraine. We discussed further market prospects with Yevgeny Karabanov, an expert from the Grain Union of Kazakhstan. About trade “At this stage, market operators in Kazakhstan do not carry out any transactions. Everyone wants to understand how the situation will develop and what prices will be. For example, buyers expect prices to drop in the short term. Kazakh farmers simply took a wait-and-see position, which, nevertheless, is risky and can lead to a “broken trough”, since in the light of high competition and the depreciation of the ruble and tenge, it is difficult to expect price increases, while the current balances of Kazakh wheat are very large relative to the indicators. last year. I want to emphasize that high volatility, political instability makes it impossible to predict anything in detail,” the expert noted. About sanctions “In addition to ...

출처: Oilworld