Kazakhstan. Food Contract Corporation raised procurement prices for oilseeds

29.12.2016

The company’s procurement prices for sunseed, rapeseed and linseed were adjusted upwards (on average by 6%). Procurement prices for soybeans were left unchanged.

As a reminder, in October 2016, the Food Contract Corporation for the first time announced procurement of sunseed, linseed, rapeseed and soybeans.

The measures taken by the Corporation contributed to the formation of optimal prices for producers and consequently increased their incomes. 

Overall, it should be noted that the Food Contract Corporation was and annually remains a price guidepost for participants of the Kazakh domestic grain market. 

The steps of the Food Contract Corporation for timely adjustment of procurement prices generally helped maintain grain and oilseed prices.

 

UkrAgroConsult

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