Exports of wheat and meslin increased by 21% in Kazakhstan

Wheat

Kazakhstan

Market & Price Trends

Published Jan 27, 2024

Tridge summary

From January to November 2023, Kazakhstan saw a 20.6% increase in wheat and meslin exports, totaling 6.7 million tons and valued at $1.7 billion. The majority of these exports were to CIS countries, particularly Uzbekistan, Tajikistan, and Turkmenistan, although non-CIS countries like China also increased their imports. Despite the rise in exports, the export prices for these commodities fell by 8.4% over the year and 4.1% over the month. Meanwhile, investments in fixed capital for grain and leguminous crop cultivation rose by 3%.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

In January–November 2023, Kazakhstan exported 6.7 million tons of wheat and meslin worth $1.7 billion. The growth in physical terms was 20.6%, in monetary terms - only 2.9%. This was reported by the Kazinform agency with reference to energyprom.kz. The largest part of the products was traditionally sent to the CIS countries: 4.8 million tons - 19.2% more than a year earlier. In monetary terms, exports amounted to $1.2 billion, minus 1.6% for the year. The main volumes came from Uzbekistan (3.3 million tons), Tajikistan (888.2 thousand tons) and Turkmenistan (528.1 thousand tons). Kazakhstan sent 1.9 million tons of wheat to other countries of the world that are not part of the CIS, which is 24.3% more than a year earlier. China is the leader here: 519.5 thousand tons, against only 23.3 thousand tons a year earlier. The top three key destinations also included Italy (496.7 thousand tons) and Afghanistan (418.6 thousand tons). Last November, export prices for wheat and meslin ...

Source: Inform