Kazakhstan reduced linseed exports by 42%

Published 2024년 8월 29일

Tridge summary

In the first half of 2024, Kazakhstan experienced a significant decrease in its agricultural exports, with a 42% drop in linseed exports contributing to a total export reduction of raw agro-products by 39% to $1 billion. This decline was evident across major cereals, oilseeds, and pulses, with wheat exports alone falling by 52%. The only exception to this trend was a 31% increase in unspun cotton fiber exports. This decrease in exports, especially to China due to growing competition from Russian suppliers, contradicts the country's plans to increase flax cultivation to 1 million hectares due to the low profitability of other crops.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

For 6 months of 2024 Kazakhstan reduced exports of linseed by 42% – from $144.1 mln to $83.3 mln compared to the same period of the previous year. The total export of raw agro-products decreased by 39% to $1 bln. This is reported by the Ministry of Trade of the Republic of Kazakhstan. There was also a significant reduction in supplies to foreign markets of major cereals – wheat and barley, as well as oilseeds and pulses. In particular, the export of wheat, whose share in the total supply of raw agricultural products reaches almost 62%, decreased by 52%, from $1 billion to $494.1 million. Barley exports (7.3% of total exports) decreased from $118.9 million to $78.7 million (-33.8%). Shipments of dried legume vegetables to foreign markets decreased from $43.9 million to $42.8 million (2.6%). The only commodity of raw agro-export, supplies of which increased, is unspun cotton fiber. This product recorded a 31% growth, from $59 million to $77.3 million. Earlier, the country predicted ...

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