Kazakhstani bananas successfully compete with imported ones in terms of price

Published 2024년 11월 29일

Tridge summary

Vice Minister of Agriculture Azat Sultanov has reported that Kazakh-grown bananas are competitively priced against imported bananas. The country has initiated an investment project in the Turkestan region to produce approximately 1,000 tons of locally sourced bananas, which accounts for 1% of Kazakhstan's banana imports. The project has piqued the interest of large retailers due to the price parity. However, the profitability of producing other exotic fruits like oranges and tangerines in Kazakhstan is under consideration. The project was initiated in August 2023, with a 5.3-hectare greenhouse complex built by the Turkish company GenGroup Qazaqstan, and the first banana crop was harvested in May of the same year.

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Original content

Vice Minister of Agriculture Azat Sultanov reported after the plenary session of the Senate that Kazakh bananas successfully compete in price with imported ones, Zakon.kz reports. The vice minister informed about the implementation of an investment project in the Turkestan region, which involves the production of about a thousand tons of bananas of Kazakh origin. This is about 1% of the total import of bananas imported to Kazakhstan. “Currently, taking into account the price situation of delivery costs, the cost of these bananas can compete with prices on the domestic market. Accordingly, this investment project is being implemented. Large chains are already very interested in purchasing in large volumes,” Sultanov noted. He also explained that the production of exotic fruits such as oranges, bananas and tangerines in Kazakhstan is possible, but the question is the profitability of the process. FOR REFERENCE: in August 2023, ...

Source: Agrosektor