Kazakh farmers forced to sell grain at a loss

Published Sep 4, 2023

Tridge summary

Kazakh farmers are struggling to trade grain at a profitable price, as the current price of wheat does not cover their growing costs. This year's harvest season has been particularly difficult due to excessive rain, resulting in wet grain and additional expenses for drying it. Farmers are calling on the Food Corporation to intervene and announce a higher price for grain in order to stabilize the situation and support peasant farms.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Kazakh farmers are forced to trade grain at a loss. They argue that the current price of wheat does not cover the cost of growing bread and propose that the Food Corporation use leverage on the market. Otherwise, there is a high risk of ruining peasant farms. My colleague Atameken Business will tell you about the price of the bread issue. Harvesting grain is never easy, but this year it will cause farmers a lot of trouble. Experienced farmers claim that they have not seen so much rain during the harvest season for the last 30 years. The grain will be wet, and this means additional expenses for drying it. Plus, with every rainy day, grain loses quality, and therefore price. The question of the price of wheat for Kazakh farmers is always acute. If at the beginning of the year it was sold at 100-120 thousand tenge per ton, then the wheat that poured out of Russia dropped it to 75-80 thousand tenge. Whereas the cost of growing domestic bread is 80-90 thousand tenge per hectare. ...
Source: Zol

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