Export of wheat and flour from Kazakhstan exceeds last year by almost 1 million tons

Published 2023년 2월 27일

Tridge summary

Kazakhstan's wheat and flour exports have seen a significant increase in the first half of this season, with wheat exports up by 29% and flour exports up by 44% compared to the same period last year. The rise in exports is attributed to large purchases of wheat by Iran and China, despite Iran reducing its wheat imports by half and increasing its barley imports sevenfold, and China becoming a more active importer of Kazakhstani barley. However, the grain market's performance was negatively impacted by logistical issues such as a lack of wagons and increased logistics costs. Overall, the first half of the season was successful despite these challenges.

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

Original content

Export of wheat and flour from Kazakhstan in grain equivalent for the first 4 months of the current season (September-December) amounted to 3.97 million tons against 2.98 million tons for the same period of the previous season. In particular, flour exports in September-December 2022 increased by 44% compared to the same period last year, wheat - by 29%. Evgeny Karabanov, the founder of the Northern Grain group of companies and an expert of the Grain Union of Kazakhstan, spoke about this in an interview with APK-Inform. According to him, market operators expected large purchases of wheat by Iran and China. However, in September-December of the current MY, Iran reduced wheat imports by 1.5 times compared to the same period of the previous MY - from 167 to 111 thousand tons. At the same time, in the first 4 months of the MY, Iran increased imports of Kazakh barley by 7 times y/y - up to 244,000 tons. In addition, in the current season, China began to import barley from Kazakhstan ...

Source: Zol