The Chinese appetite enables Kazakhstan to enter the market of the world's largest grain consumer - Elena Neroba

Published 2020년 11월 26일

Tridge summary

China is a major player in the global grain market, holding half of the world's wheat reserves and over 60% of corn. During the "KAZAKHSTAN GRAIN CONFERENCE 2020: ONLINE EDITION", it was discussed that Kazakhstan, which is increasing its wheat production to approximately 16 million tons this season, could potentially supply grain to China. There is also growing demand for Kazakhstan's barley in China due to its lower price compared to other grains and China's increased import duties on Australian barley. Despite Kazakhstan facing quality and logistics barriers to enter the Chinese market, China is willing to invest in stable quality grain and work with suppliers who are willing to do so.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

China, with its high purchasing potential, is the dark horse of the global grain market, holding about half of the world's wheat reserves and over 60% of corn. Elena Neroba, Business Development Manager at Maxigrain, spoke about the prospects for Kazakh grain entering the Chinese market during the online conference “KAZAKHSTAN GRAIN CONFERENCE 2020: ONLINE EDITION”, organized by APK-Inform IA. The expert noted that Kazakhstan is increasing wheat production, “having made the right decision to expand the sown area for this grain,” and this season the harvest could reach about 16 million tons. This increases the chances of supplying wheat from Kazakhstan to China, which is increasing imports of grain crops this season. In addition, the expert focused on the active demand for barley from the PRC against the background of its price attractiveness compared to other grains. Thus, in the livestock industry of China, wheat and corn can be partially replaced by barley. Moreover, E. Neroba ...

Source: Apk-inform