Kazakhstan Food Corporation to Supply Wheat and Corn to New Processing Plants

Representatives of JSC NC Food Corporation and the national company KAZAKH INVEST discussed cooperation issues in preparation for signing investment agreements with Chinese partners - Fufeng Group Limited and Dalian Hesheng Holdings Group. The parties considered the prospects for implementing large projects in the field of agricultural processing. This was reported by the press service of the national company. According to the information, at the end of last year, the Chinese holding Fufeng Group Limited proposed to launch a complex for deep processing of corn in Kazakhstan. The estimated capacity of the enterprise may be 500 thousand tons per year. To provide production with raw materials, the Food Corporation is considering the possibility of using forward purchases, including concluding tripartite contracts with farmers. The national operator plans to conduct an analysis of the agricultural market to determine the volumes of supply from grain producers. The second investment ...