Kazakhstan suspended onion exports for three months

Published 2023년 1월 18일

Tridge summary

Kazakhstan has imposed a ban on onion exports for the next three months to prevent mass exportation and stabilize local prices. This decision was necessitated by the impact of floods in Pakistan and frost in southern Kazakhstan and Uzbekistan, which damaged onion stocks in these regions. Despite the loss of a significant portion of the harvest, Kazakhstan's domestic consumption remains low, with the country having enough stocks for the new harvest. The export ban is expected to help stabilize the price of onions in the country, which currently ranges from 150-170 tenge per kilogram, lower than neighboring countries like Russia and Uzbekistan.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The authorities of Kazakhstan have decided to ban the export of onions for 3 months in order to prevent the mass export of onions from Kazakhstan and to stabilize their prices. The frenzy was sparked by floods in Pakistan and frost that damaged onion stocks in southern Kazakhstan and neighboring Uzbekistan. This was reported by the press service of the Ministry of Agriculture of the Republic of Kazakhstan. "The frenetic demand of third countries for Kazakh onions is connected with natural disasters in Pakistan - one of the largest producers of onions in Asia and the world. Floods in this country provoked a worldwide increase in onion prices, including in the market of our republic. Additional pressure on the cost is also severe frosts in the southern regions of Kazakhstan, as well as in Uzbekistan - where a large amount of production was spoiled. The main producers of onions are currently actively importing the Kazakh product," the ministry explained. According to the Bureau of ...
Source: Agrotimes

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