Kazakhstan exports 6.3mn tonnes of grain as of May 20.

By bne IntelliNews May 31, 2013

Kazakhstan exported 6.3mn tonnes of grain between Jul 1 2012 and May 20 2013, compared to 9.5mn tonnes in the same period of the previous year, the agriculture ministry informed.

The drop can be explained with 2012 drought which was the reason why Kazakhstan harvested only 12.9mn tonnes of grain in clean weight last year, down from a record of 27mn tonnes in 2011.

The ministry also confirmed grain exports forecast at 7-8mn tonnes for this marketing year.

In 2012, Kazakhstan exported a record of 12.1mn tonnes of grain. This year, around 70% of the total grain exported will go to the traditional markets in Central Asia, Iran, Afghanistan and Azerbaijan. China is also becoming a new market for Kazakh grain as it received 200,000 tonnes in 2012.

Kazakhstan is among the top 10 grain exporters in the world.

Related Articles

Kazakhstan to support IBA restructuring, swap debt for 15-year sovereign bond

Kazakhstan will support state-run Azerbaijani lender IBA’s debt restructuring plan, Kairat Kelimbetov, a board member of the Kazakh state pension fund, said on June 15. ... ... more

Kazakh central bank to sell short-term notes via blockchain technology

Kazakhstan's central bank intends to sell short-term notes to retail investors using a blockchain technology-based mobile application, the central bank said on June 13. ... ... more

Fugitive banker Ablyazov given 20 years by Almaty court in-absentia trial

An in-absentia trial of Kazakh fugitive banker Mukhtar Ablyazov sentenced him on June 7 to 20 years in prison for crimes including the theft of pension assets and savings. ... more