Demand for substandard wheat reported in Kazakhstan

Kazakhstan analysts presented another weekly review of the situation on the grain market. It is reported that the market has not yet had time to react to the price set by the Food Corporation, which was called quite high. At the same time, experts recommend holding on to grade 3 wheat, since they expect its price to rise. They also note an increased demand for non-grade wheat, the APK News agency reports. According to the research bureau "Grain and Oilseeds. Kazakhstan", over the week, grade 3 wheat with gluten 28+ decreased by 3 thousand tenge per ton, amounting to an average of 108 thousand tenge with VAT from the elevator as of September 23. Wheat with gluten 25 and 23 has not changed in price over the past 7 days, its price is 87 thousand tenge and 80 thousand tenge, respectively. Analysts recommend not to rush to sell grain of this category, suspending trade until more favorable prices are expected. Wheat of the 4th class is traded at 72 thousand tenge per ton, its ...