Millers predict crisis in Kazakhstan due to "golden" grain

Published 2021년 10월 22일

Tridge summary

The article highlights the rise in bread prices in Kazakhstan due to increased grain costs, caused by millers purchasing grain for production at inflated prices, following the rejection of their proposal for export customs duties on grain by the government. This situation is further complicated by the potential for grain waste and bran to become valuable, which could pose a risk of feed shortage for agricultural animals. The article also discusses the economic implications of maintaining high grain prices for the production of pasta, bread, eggs, and meat, and suggests reducing grain sowing by upto 60% to convert the land into pastures, which could benefit the economy. The measures proposed by officials, such as market raids, are deemed ineffective by millers.

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Original content

At the beginning of the harvest, millers insisted on the introduction of export customs duties on grain. The government did not support the idea, and therefore one should not be surprised at the rise in price of bread on the shelves, “KazakhZerno.kz” writes. Domestic millers warn that grain waste and bran will become "golden" in the future. Because of this, there is a great risk for poultry and cattle breeders: they may simply be left without feed for agricultural animals. Millers from Uzbekistan and Tajikistan are intensively purchasing Kazakh grain. Its prices are going up. Therefore, domestic mills are already buying it for production at inflated prices. According to Taisiya Kolegova, vice-president of the Union of Grain Processors of the Republic, they are grinding grain, which they bought at peak prices. Unsurprisingly, the price of bread is rising. Due to the rise in prices for bread, prices for eggs, meat and poultry will rise. Experts analyzed the prices for flour made ...

Source: Zol