Russia may start buying wheat from Kazakhstan in 2025 if it is profitable

Published 2024년 12월 23일

Tridge summary

Kazakh farmers express concerns over the potential influx of Russian grain into Kazakhstan in 2025, when the existing import ban is lifted. The Grain Union of Kazakhstan asserts that mass movement of wheat from Russia is unlikely due to price parity and the higher costs of Russian wheat. In contrast, Kazakh wheat is offered at cheaper prices. Additionally, Russian millers may purchase quality wheat from Kazakhstan to meet their own needs. The article also highlights concerns about the condition of Russian winter crops, which could lead to a need to import wheat from Kazakhstan. Despite these concerns, Kazakhstani farmers will continue to import seeds from Russia. The opening of the border is expected to have no significant impact on the price of Kazakh grain, and Kazakh processors believe that Russian grain will not impact pricing within Kazakhstan.

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Original content

Kazakh farmers fear a renewed mass influx of Russian grain into Kazakhstan in 2025, when the import ban is lifted. Millers, on the contrary, say that this will not happen. The Grain Union of Kazakhstan believes that there will be no mass movement of wheat from the Russian Federation, it is not justified from the point of view of price, because price parity has now been established. Russian millers do not rule out that they will start purchasing high-quality wheat in Kazakhstan, the APK Novosti agency reports. “In my opinion, Russian grain will not flood us now. Because it is not cheap. Even substandard wheat today costs 8.5-9 thousand rubles. If you calculate, roughly speaking, substandard wheat costs 45 thousand tenge. And this is without roads, without VAT,” Yevgeny Karabanov, head of the Analytics Committee of the Grain Union of Kazakhstan, told the APK Novosti agency. Moreover, this season the Russians themselves need good grade 3 wheat, because they have a lot of fodder. They ...

Source: Oilworld