A ban on the import of corn and its processed products is being considered in Kazakhstan

Published 2024년 2월 6일

Tridge summary

Kazakhstan is grappling with a corn surplus due to a high harvest in 2023, leading to a drop in prices. The Ministry of Agriculture is considering various solutions, including selling corn to local farms and exporting to Iran and China. The government has increased the investment subsidy for grain processing enterprises from 25% to 50% and developed a Comprehensive Plan for the Development of Processing of Agricultural Products and the Food Industry for 2024–2028. This plan aims to support domestic agricultural producers and includes measures such as preferential loans and subsidies for corn producers.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

A difficult situation with the sale of corn has developed in Kazakhstan. As farmers stated, grain prices had halved and there was nowhere to sell it. Recently, deputies turned to the head of government with a request to look into the problem. As Alikhan Smailov said in his response to a parliamentary request, the problem is that this year farmers received too high a harvest. Enterprises that purchase corn are full. At a meeting of the interdepartmental commission, the issue of closing the import of corn was discussed, as a result of which it was decided that it was too early to take this measure. However, this issue will be considered additionally in the future, reports the APK News agency. In 2023, the area of corn increased from 181 thousand hectares to 188 thousand hectares compared to 2022. The yield was 65.8 c/ha. In total, 1 million 207 thousand tons of corn were collected, which is 109 thousand tons more than in 2022. Part of the collected corn is processed at the plants of ...
Source: Zol

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.