Kazakhstan extended the ban on grain imports from Russia

Published 2024년 7월 31일

Tridge summary

Kazakhstan is extending its ban on Russian wheat imports until the end of 2024 to combat 'gray imports' and protect local farmers amid expectations of a record grain harvest. Initially introduced in April 2023, the ban aims to curb wheat smuggling that has depressed local prices. Despite these measures, Russian wheat imports rose by 10% in early 2024. Kazakhstan is also considering higher tariffs on the transit of Russian wheat to Central Asia, potentially affecting regional food security. Russian exporters criticize these actions as anti-competitive.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In anticipation of a record grain harvest and to combat “gray imports,” Kazakhstan is tightening measures regarding the import of Russian wheat. In addition, there is an idea to increase tariffs for the transit of our grain. Russian exporters believe that this could aggravate the problem of ensuring food security in a number of Central Asian countries. The ban on the import of Russian wheat into Kazakhstan by all means of transport (first introduced in April 2023) has been extended until the end of 2024, the government press service reported. “The threat of wheat import into the country through “gray schemes” and its re-export by road from the border regions of the Russian Federation still remains. Forecasts for the grain harvest, which in Kazakhstan is expected to be higher than last year, were also taken into account,” the report says. Previously, the Kazakh authorities said that due to “gray imports,” wheat prices in the country fell by more than half. The volume of this ...
Source: Zol

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