The Ministry of Agriculture of Kazakhstan spoke about distorted grain exports

Published Nov 7, 2024

Tridge summary

The Ministry of Agriculture has announced a substantial increase in grain exports, with a 48% rise in September-October 2024 compared to the previous year, and a 56% higher gross harvest of 26.6 million tons. Despite misleading social media claims of decreased exports, the ministry confirms a 45% improvement in the 2024 harvest's volume and quality, bolstering export sales. Efforts to diversify export routes and expand markets are ongoing, with notable exports to countries like Uzbekistan and Tajikistan. The Food Corporation is aiding agricultural producers through forward contracts, commodity loans, and plans for direct purchases from small farms.

Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Distorted information about a decrease in grain exports is being spread on social networks, which is sowing panic and leading to price dumping on the market. This was reported today by the press service of the Ministry of Agriculture. According to the department, the export of the new crop increased by 48% in September-October 2024, the APK News agency reports. To date, the gross harvest of grain crops amounted to 26.6 million tons of grain and leguminous crops, which is 56% higher than in 2023. The average yield was 16 c/ha. Grain of the new crop has begun to be traded for export: in September-October of this year, according to JSC NC KTZ, 1.8 million tons were exported, which is 48% more than in the same period last year (1.2 million tons). Thus, exports to Uzbekistan amounted to 738 thousand tons, which is 49% more than in the same period in 2023; 298 thousand tons were shipped to Tajikistan, or 48% more than last year. Positive dynamics are also observed in other ...

Source: Oilworld