Kazakhstan wheat has vague prospects

Published 2023년 3월 22일

Tridge summary

Kazakh farmers faced logistical issues after harvesting a high grain crop in autumn 2022, resulting in a significant portion of the harvest being stored in warehouses and a decline in wheat prices. Despite these challenges, there is expected to be increased demand for Kazakh wheat in Central Asian countries due to expected low harvests there, although competition from Russian grain is likely. Southern Kazakhstan's vegetable growers also face labor productivity issues due to the pandemic and competition from Uzbekistan, as well as challenges from extreme weather conditions.

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Original content

In the autumn of 2022, Kazakh farmers harvested a high grain crop and immediately faced logistical problems during its transportation both within Kazakhstan and in the export direction. As a result, a good half of the harvest remains in warehouses, while the price of wheat continues to decline. Forecasts about what awaits Kazakh grain in the near future, Farid Abitaev, General Director of Experimental Farming of Oilseeds LLP, shared with the ElDala.kz portal. Our conversation took place on the sidelines of the international exhibition-fair KazAgro/KazFood Turkistan2023, which takes place on March 20-22. However, it is expected that the demand for Kazakh wheat from the countries of Central Asia will increase this season, as winter crops in the southern neighbors have suffered due to abnormal frosts, and the harvest is expected to be low there. Accordingly, they will increase the volume of imports. This will have a positive effect on Kazakh exports, but it will probably have to ...

Source: Zol