Kazakhstan predicts suspension of growth in flour prices

In the summer of 2022, the rise in flour prices will stop in the Republic. Over the year, the price of it has increased by almost thirty percent. Due to expensive flour, pasta, bread, rolls and confectionery products have risen in price, KazakhZerno.kz writes. Meanwhile, the Union of Grain Processors believes that now the price of flour has risen to a peak. Most likely, in the near future it will cease to rise in price. In addition, soon, or rather from July 1, 2022, the Russian Federation will remove restrictions on grain exports to the countries of the Eurasian Economic Union (there has been no official statement on this by the representatives of the country's authorities yet). If the Russian Federation removes restrictions on grain exports, Kazakhstan will begin to receive Russian cheap grain. Because of this, prices for Kazakh wheat will stop growing. The tension that is observed in the market will subside. In recent months, competition with flour millers from the Russian ...