Kazakhstan set to export wheat to EU countries

Published 2024년 10월 24일

Tridge summary

Kazakhstan, led by Vice Minister Kairat Torebayev, is strategizing to increase its agricultural exports, with a focus on wheat, reaching out to European Union countries like Italy, Latvia, and Spain, as well as Central Asian nations and Afghanistan. The country's export potential for wheat alone is approximately 7-7.5 million tons, complemented by barley and corn. There is also significant potential for exporting oil-bearing crops, exceeding 1 million tons. Kazakhstan's wheat exports to China have seen a notable increase, reaching 538,800 tons in 2023, up from the previous year. The country is also looking to expand its presence in the Middle East and promote its wheat brand in markets such as Pakistan, Indonesia, Brazil, and Malaysia.

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Original content

Vice Minister of Trade and Integration Kairat Torebayev revealed Kazakhstan’s plans to export wheat to EU countries, including Italy, Latvia, Spain, and others, Kazinform News Agency reports. Kazakhstan’s export potential is estimated at 12 million tons, of which 7-7.5 million tons fall on wheat, 1.3-1.4 million tons account for barley, and 300,000 tons for corn. The oil-bearing crop potential of the country is projected to be above 1 million tons. He said Kazakhstan will further export wheat to Central Asia and Afghanistan up to 4.2 million tons. Last year Kazakhstan exported 1,431,000 tons of grain to China, 5.5% up. Wheat exports to China reached 538,800 tons in 2023 that is 15 times more compared to the previous year suggesting a possibility to boost exports to China and Asian countries up to 1.6 million tons of wheat. The vice minister said Kazakhstan is interested in entering the markets of EU countries such as Italy, Latvia, Spain, and others. The country’s export potential ...

Source: UkrAgroConsult