Price hike for new crop lentils predicted in Kazakhstan

Published 2024년 10월 1일

Tridge summary

Legume prices in Kazakhstan are experiencing a significant increase, with further rises predicted by analysts. Green lentils are expected to reach a maximum price of 450 thousand tenge per ton. Yellow peas and red lentils have also seen price hikes, with potential maximum prices of 170 thousand tenge and 250 thousand tenge respectively. Experts advise farmers not to sell legumes, anticipating further price increases.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Legumes are rapidly growing in price in Kazakhstan. Over the past week, prices for peas and red lentils have grown well. Analysts predict further price growth. The maximum price for green lentils is predicted to reach 450 thousand tenge per ton, the APK News agency reports. "After a small decline, prices for legumes have stabilized in Kazakhstan. They are already providing profitability, but we assume that there will be further growth," the latest weekly review of the research bureau "Grain and Oilseeds. Kazakhstan" reports. According to the data, yellow peas of the new premium crop in the northern regions of Kazakhstan have grown in price by 22 thousand tenge over the week. As of September 30, they are trading at 99 thousand tenge per ton with VAT. Analysts report that the possible maximum for yellow peas may be 170 thousand tenge per ton. The possible minimum is 90 thousand tenge. The price of new-crop red lentils has increased by 12 thousand tenge and now costs 192 ...
Source: Zol

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