Weakening demand for Kazakh wheat

14.11.2017

Kazakh wheat becomes less attractive in the world trade market: Kazakhstan exported roughly 2.4 MMT of wheat and meslin in the first eight months of the current year, or 10.1% less than it supplied to foreign markets at the same time last year, reports UkrAgroConsult.

The ranks of major buyers of Kazakh wheat also underwent changes: Uzbekistan and Tajikistan retained their leading positions, but Russia and Iran are no longer present in this year’s top five, though they held the 3rd and 5th positions, respectively, in January-August 2016. They were replaced by Italy and Kyrgyzstan, respectively. The most significant gain in foreign demand for Kazakh wheat and meslin was shown by Italy.

Further prospects of the Black Sea grain market in the upcoming 2018/19 season will be discussed at the XV International Conference “Black Sea Grain”, which will take place on April 18-19, 2018 in InterContinental hotel, Kiev, Ukraine.

Black Sea Grain conference is large international platform, offering high quality market analysis and networking opportunities for the global leaders of grain and oilseed industry. The event is annually attended by over 800 agribusiness representatives from more than 400 companies and 55 countries worldwide. 

 

UkrAgroConsult

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