The food corporation of Kazakhstan plans to sell 120 thousand tons of grain to flour millers by July this year

Published 2023년 5월 10일

Tridge summary

The NC Food Corporation JSC is playing a key role in stabilizing prices for social bread and financially supporting farmers through a sowing campaign and a forward purchase program. The company has entered into memorandums with various regions to stabilize prices for social bread, leading to the agreement for the supply of 9.7 thousand tons of grain in several regions. The forward purchase program has allocated 21.2 billion tenge, with 20.3 billion tenge already spent, allowing the Food Corporation to contract 280.1 thousand tons of agricultural products. For the first time, the company has also made a forward purchase of 6 thousand tons of rice groats from agricultural producers in the Kyzylorda region.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The participation of NC Food Corporation JSC in stabilizing prices for social bread, financial support for farmers for the sowing campaign, as well as the implementation of the forward purchase program were considered at a meeting of the Public Council of the national company, the press service reports. In particular, from March to July of this year, the Food Corporation sells a total of 120,000 tons of grain to flour mills. To date, about 8.6 thousand tons have already been shipped. According to the information, memoranda on measures to stabilize prices for social bread have been signed with the akimats of Zhambyl, Karaganda, Atyrau, Akmola, Turkestan, Zhetysu, Ulytau, East Kazakhstan regions and the city of Shymkent. Within the framework of these agreements, an agreement has already been reached in a number of regions for the supply of 9.7 thousand tons of grain. “Under the forward purchase program, the Food Corporation has allocated 21.2 billion tenge and has already financed ...
Source: Agrosektor

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