Kazakhstan. Prices for grains and oilseeds are rising in domestic and foreign markets.

Ongoing active shipments and the withholding of wheat, barley, and flax sales by agricultural producers is supporting grain and oilseed prices in the domestic and foreign markets. This was reported by the head of the Analytics Committee of the Grain Union of Kazakhstan, Yevgeny Karabanov. Due to the rise in wheat prices, export prices for milling products—wheat and feed flour—continue to increase, reports the APK-Inform agency. Domestic market: Last week (January 26 - February 1), the increase in grain and flax prices continued. The shortage of supply (not to be confused with a shortage of grain), amid active shipments, is pushing prices up, despite the continued strengthening of the tenge. The price spread between 4th class wheat and 3rd class wheat has decreased to an economically justified value of 1-2 thousand tenge. Agricultural producers are still withholding sales, expecting further price increases. Over the past week, prices for some wheat classes on the domestic market ...