Kazakhstan. Wheat exports hitting new high

15.02.2019

Kazakhstan exports wheat at a record pace this season, reports UkrAgroConsult. So, it shipped abroad 1.53 MMT of wheat in September-November 2018/19, or the largest ever volume for this period. Moreover, this is up 27.3% from September-November 2017/18 and up 30.2% from the five-year average.  

As before, Uzbekistan and Tajikistan are the top importers of Kazakh wheat this season. However, while Uzbekistan stepped up purchases by 17.1% in the reporting period, to 586.2 KMT, Tajikistan reduced them by 16.7%, to 297.6 KMT.

During the period under review, the greatest year-on-year increase was registered in exports to the neighboring markets of Afghanistan (+67%), China (+134%), Azerbaijan (+41%) and Turkey (+386%).

At the same time, wheat supplies to Georgia grew to 41.6 KMT in September-November 2018/19 against 1.3 KMT a year earlier.

At the expense of boosted exports to the nearby markets, Kazakhstan cut September-November wheat supplies to the EU by 7%, to 87.5 KMT against 97.7 KMT in the same period last season.

More detailed information on the latest trends in grain exports, supply and demand balances with breakdown by crop, price behavior, crop conditions and progress in harvesting/planting in the countries of Black Sea Region is available to subscribers for weekly market report "Black Sea Grain" by UkrAgroConsult.

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