Will the price tags for bread in Kazakhstan break records?

Published 2021년 11월 8일

Tridge summary

Kazakhstan is experiencing a surge in grain prices, which is expected to increase the cost of bakery products. Despite the harvest being less than last year due to hard dry summer conditions, the Ministry of Agriculture assures that there will be enough wheat for the domestic market. The main buyers of Kazakh grain are Uzbekistan, Iran, Tajikistan, Turkmenistan, and Afghanistan. The minister is working to achieve stable prices for 'social bread', but there are concerns about the quality and taste of this type of bread, and millers predict price increases, with debate over the need for export duties on grain to stabilize the market.

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

Original content

High prices for grain within the country, a significant rise in the cost of flour, inevitably, in the opinion of Kazakhstanis, should lead to an increase in the cost of bakery products. In the main grain-sowing regions - Akmola, Kostanay and North Kazakhstan regions, according to the Ministry of Agriculture, 11.6 million hectares of legumes were harvested, inbusiness.kz reports. The average yield was 8.8 c / ha. In the North Kazakhstan region, for example, as we were previously told by the Department of Agriculture, the average yield has significantly decreased compared to 2020. If a year ago it was 14.8 c / ha, today it is only 11 c / ha. The hard dry summer frayed the nerves of the Kazakh agrarians. Initially, it was difficult to make forecasts for the harvest. However, the harvest campaign brought a note of optimism to the general mood. The grain was harvested less than last year, but not enough to grab hold of the head in panic. Moreover, considering how much the price of ...

Source: Zol