Kazakhstan hammers out plan to abandon US broiler imports

Published 2024년 6월 3일

Tridge summary

The Kazakh government has approved a plan to increase domestic poultry production by 200,000 tonnes through 2026 by expanding four major broiler farms, aiming to end reliance on foreign poultry, mainly from the US. The Development Bank of Kazakhstan will provide soft loans to key poultry farms to boost production capacities. This initiative is part of a broader effort to ensure food security and stabilize prices amid regional market turbulence, particularly in Russia. The plan includes funding 14 agricultural projects worth nearly 285 billion tenge (US$640 million).
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Kazakh government has greenlit a plan to boost domestic poultry production by 200,000 tonnes through 2026 thanks to the expansion of 4 major broiler farms. The move will put an end to the decade-long dependence on foreign poultry supplies, primarily from the US. Under the plan, the Development Bank of Kazakhstan will provide soft loans to prominent poultry farms Canadian Chicken Limited, Alel Agro, Prima Kus, and Aitas KZ to ramp up their production capacities in 2025 and 2026. “Kazakhstan’s poultry production stands at 328,000 tonnes per year. The additional 200,000 tonnes will help resolve the import-dependence issue and kick off exports,” Kazakhstan’s prime minister’s office has said in a statement, adding that the Development Bank of Kazakhstan will fund 14 projects in the agricultural sector worth nearly 285 billion tenge (US$640 million) in total. ALSO READ: China lifts 19-year ban on poultry imports from Kazakhstan Over the past few years, Kazakhstan has demonstrated a ...
Source: Poultryworld

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