Kazakhstan: Ministry of Agriculture opposes introduction of duty on grain and other agricultural raw materials

Published Aug 27, 2024

Tridge summary

The Ministry of Finance of Kazakhstan is considering the imposition of export duties on a range of agricultural raw materials, including wheat, rye, barley, oats, corn, rice, sorghum, buckwheat, soybeans, flax seeds, rapeseed, and sunflower seeds. This proposal is under review by a working group within the Ministry of Trade, but the Ministry of Agriculture and business representatives are against the measure. They argue that the proposed $50 duty could further reduce the profitability of agricultural production in Kazakhstan, given the current trend of falling global and regional prices. The Ministry of Finance justifies the proposal as a means to find additional sources of income and to stimulate the processing of raw materials within the country.

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Original content

The proposals of the Ministry of Finance of Kazakhstan on the introduction of export duties on raw materials are being actively discussed within the working group under the Ministry of Trade. The Ministry of Trade of Kazakhstan is holding consultations on the introduction of export customs duties. The Ministry of Agriculture and business representatives are against this measure. As reported, the duty on agricultural products is being discussed in the amount of $50, the APK News agency reports. “The proposals of the Ministry of Finance of Kazakhstan on the introduction of export duties on raw materials are being actively discussed within the working group under the Ministry of Trade. Industry ministries, together with the Atameken National Chamber of Entrepreneurs and specialized associations, provide their calculations and justifications. Thus, the position of the Ministry of Agriculture and the business community is that it is premature to make a decision on the introduction of ...

Source: Zol