News

Kazakh grain market operators on forced pause

Wheat
Kazakhstan
Published Mar 4, 2023

Original content

According to APK-Inform IA monitoring data, the market of food wheat in Kazakhstan continues to fall in prices during the current week. Many market participants continue to report a pause in grain purchases due to a number of factors: the strengthening of the national currency against the US dollar, low trading activity on export platforms, and lower prices for wheat of Russian origin. Representatives of export-oriented companies report a difficult situation with trade and low demand from importers, who continue to systematically lower purchase prices for Kazakh wheat. Thus, as of March 3, demand prices for food grade 3 wheat are voiced mainly within the range of 98-106 thousand tenge/t EXW, depending on the quality characteristics, which is lower than at the end of last week by 2000-4000 tenge/t. Offer ...
Source: Zol
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