Grain exports from Kazakhstan to reach five-year high

06.10.2016

Harvesting campaign in Kazakhstan is coming to its end. Kazakh farmers gathered 22 MMT of grain from 95% of the intended area owing to high productivity, reports UkrAgroConsult. Average grain yields in the country surpassed the last year’s level by 25%. As expected, this season Kazakhstan will obtain record high grain crop over the last five years.

Kazakhstan is going to gather the richest wheat harvest since 2011, thanks to high productivity and acreage expansion. UkrAgroConsult believes that in 2016 wheat production will be 20% more than last year. Such a high grain production will allow the country to increase both wheat and wheat flour exports.

UkrAgroConsult expects a significant increase in wheat shipments – to 4.5-4.8 MMT. In this regard, we also expect further growth of Kazakh wheat exports to Chinese market.

Full version of the article is available to subscribers for weekly market report “Black Sea Grain & Oil” and “Online market review” by UkrAgroConsult.

 

UkrAgroConsult

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