News

The export price of wheat from Kazakhstan may increase by $30

Wheat
Grains, Cereal & Legumes
Kazakhstan
Market & Price Trends
Published Feb 27, 2024

Tridge summary

The price of sprouted wheat in Kazakhstan is expected to rise from $165-170 to $195-200 per ton next month due to the resumption of grain supplies to China. The supplies were halted last year due to issues such as untimely unloading of cargo and low purchase prices. However, the return of China as a major buyer is expected to drive prices back up. Experts caution about the risks of supplying to the Chinese market due to strict checks for mycotoxins and mold. Additionally, the recommencement of Kazakh barley supplies to Iran may also contribute to the price increase.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

The cost of sprouted wheat in Kazakhstan may increase from the current 165-170 to 195-200 dollars per ton as early as next month. The national portal ElDala writes about this. We are talking about grain prices at the border station. A prerequisite for a possible rise in prices is the resumption of grain supplies to China by grain wagons. They were suspended at the end of last year. According to some reports, the reasons were untimely unloading of cargo at the Alashankou station, train congestion on the Chinese side and low purchase prices offered by the Celestial Empire. As a result, only the states of Central Asia remained among the countries importing Kazakh grain. This has led to lower prices, and the return of a major buyer should bring them back to their previous level. Read also Russian wheat prices fell to 2020 minimum At the same time, experts quoted by the portal warned about the risks of supplies to the Chinese market. According to them, customs ...
Source: Rosng
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