Wheat price rose to 118 thousand tenge / ton in Kazakhstan

Published 2021년 12월 6일

Tridge summary

Kazakhstan's flour millers are facing a challenge as domestic grain prices are increasing, making it less affordable, pushing them to consider Russian supplies. The low grain harvest and farmers' expectation of price increases have resulted in a shortage of offers. However, Russian grain is sold at the same price but with the advantage of already being delivered to the destination. Currently, Uzbekistan is purchasing Kazakh flour in small volumes, and while Europe is showing interest, the low price set by Afghanistan is hindering flour exports to this market. Additionally, millers in Poland are considering transporting their pasta to Kazakhstan and returning with flour, subject to their decision on the product's analysis results.

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

Original content

Flour millers of Kazakhstan pay attention to the fact that the grain of domestic farmers is becoming more and more expensive - and less and less affordable. This makes converters pay attention to supplies from Russia. “The grain harvest in Kazakhstan this season was low, and you can feel it,” said Taisiya Kolegova, vice president of the Union of Grain Processors of Kazakhstan. - There are few offers, since the peasants have already sold the amount they needed to close their current obligations. And now they are holding back on wheat, expecting a rise in prices in February-March. Today, farmers are ready to give wheat from their place at 118 thousand tenge / ton, and this is from warehouses that can be located 100-200 km from the elevators. Thus, transport costs are also borne by the processor. At the same time, Russian grain, officially imported into Kazakhstan (with payment of VAT), is sold at the same price, but, on the other hand, it is an already formed batch, which is ...

Source: Zol