The price of wheat in Kazakhstan has risen by $50 and set a record

Published 2021년 9월 20일

Tridge summary

Unusually high prices for agricultural products in Kazakhstan and other exporting countries, despite the harvest season. This is due to low yields and a poor harvest in Canada, offset by a good harvest in Russia. The situation is further complicated by uncertainty in Afghanistan and Uzbekistan, with potential impacts on flour and grain deliveries. However, farmers who managed to maintain good harvest conditions are seeing high profitability.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Traditionally, during the harvesting period, prices for agricultural products go down, as a large volume of new harvest enters the market. However, this did not happen this season. On the contrary, September prices were higher than August prices. Traders say this is the first time they see it. The reason is the low yield. Moreover, not only in Kazakhstan, but also in other countries that are the main exporters. As a result, if in August milling wheat in Kazakhstan was sold at 90-95 thousand tenge per ton, depending on the quality, today prices reach 110-115 thousand tenge. This is a record for the Kazakhstan market. All other types of agricultural products have also risen in price. For example, the Viterra company offers 107-112 thousand tenge / ton for wheat. The price tag for barley starts from 95 thousand tenge, for flax from 310 thousand tenge, for peas from 135 thousand tenge. Durum wheat demonstrates strong dynamics of growth - until recently they gave 210 thousand tenge for ...
Source: Zol

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