Kazakhstan's millers, fearing mass bankruptcies, are preparing an appeal to the President

Published 2024년 12월 9일

Tridge summary

Kazakhstan's grain processors are expressing fear of mass bankruptcies due to a proposed government resolution to subsidize transportation costs for grain exports, including to Afghanistan. The Union of Grain Processors of Kazakhstan, led by Yevgeny Gan, has expressed concern as the subsidy could favor grain over flour exports, which is crucial for the industry, particularly in the Afghan market. The union has already brought their concerns to the Ministry of Agriculture but are now planning an appeal to the President of Kazakhstan, arguing for a state approach that values agricultural processors.

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Original content

Kazakhstan grain processors fear mass bankruptcies of enterprises. The reason, they say, will be subsidizing transportation costs for grain exports. The fact is that one of the areas in which they plan to reimburse export costs is Afghanistan. And this market is extremely important for millers. It is clear that the buyer will prefer grain, since grain growers and processors trade their products on equal access terms. Grain processors are preparing an open appeal to the President of the country, the APK News agency reports. “The Ministry of Agriculture of the Republic of Kazakhstan has prepared a draft resolution of the Government of the Republic of Kazakhstan on subsidizing transportation costs for grain exports. In general, it is a correct and timely document that does not cause much discussion and comment. Everyone understands that without taking drastic measures, it will be almost impossible to manage this year's large harvest,” said Yevgeny Gan, Chairman of the Founding ...

Source: Zol