Protests in Kazakhstan could affect grain prices

Political and financial instability in the medium term may lead to increased control over the export of goods at the border (including grain), which may lead to higher prices for wheat and flour in the region. This was reported by ukragroconsult.com. "Kazakhstan is one of the ten main exporters of wheat and is the second largest exporter of flour on the world market. As a supplier, Kazakhstan has the lion's share in the grain market of Central Asia (Uzbekistan, Afghanistan, Tajikistan, Turkmenistan, etc.), "the statement reads. It is noted that the current political events in Kazakhstan have caused disruptions in the Internet and the suspension of banks in major cities. As a result, foreign exchange transactions that require prepayment may be delayed in the near future, which may slow down the activity of grain trade in the Central Asian market. "The government is likely to try to control the domestic prices of socially significant goods to avoid shortages and high demand. Against ...