Kazakhstan: All market for grain and oilseeds participants on a forced pause

This week in Kazakhstan, the market for key grains and oilseeds took a forced pause amid trade uncertainty due to the conflict in Ukraine. We discussed further market prospects with Yevgeny Karabanov, an expert from the Grain Union of Kazakhstan. About trade “At this stage, market operators in Kazakhstan do not carry out any transactions. Everyone wants to understand how the situation will develop and what prices will be. For example, buyers expect prices to drop in the short term. Kazakh farmers simply took a wait-and-see position, which, nevertheless, is risky and can lead to a “broken trough”, since in the light of high competition and the depreciation of the ruble and tenge, it is difficult to expect price increases, while the current balances of Kazakh wheat are very large relative to the indicators. last year. I want to emphasize that high volatility, political instability makes it impossible to predict anything in detail,” the expert noted. About sanctions “In addition to ...