Kazakhstan: The Ministry of Agriculture announced the narrowing of the flour market

Published 2023년 6월 16일

Tridge summary

In 2022, Kazakhstan's agricultural sector experienced a 3.9% increase in food production, contributing to a total of 2.9 trillion. tenge. The country also saw a significant 64% rise in the export of processed agricultural products, reaching $2.3 billion. The proportion of processed products in exports grew from 37% to 42%. Flour production was a highlight, with the country producing 3.3 million tons, which is more than three times its domestic consumption. The government is implementing various measures to stimulate businesses, including investment subsidies, loan subsidies, tax benefits, and transport cost reimbursement for exports, and has launched 11 investment projects in the agricultural sector.

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Original content

According to the Minister of Agriculture Yerbol Karashukeev, at the end of 2022, the volume of food production increased by 3.9% and amounted to 2.9 trillion. tenge, reports inbusiness.kz. At the same time, the export of processed agricultural products increased by 64% and amounted to $2.3 billion. The share of processed products in exports increased from 37% to 42%, the minister added. At the same time, flour production, in the amount of 3.3 million tons, is several times higher than the country's domestic consumption (1.4 million tons) and occupies one of the leading positions in the world in terms of export deliveries (1.9 million tons), Karashukeev specified. The provision of the domestic market with domestic production of flour is 237%, for pasta - 122%, cereals - 102%. Also, according to him, state support measures are being taken to stimulate businesses in opening new industries through investment subsidies of up to 25% of the costs in the construction and modernization of ...

Source: Zol