Kazakhstan to abolish grain transportation subsidy.

By bne IntelliNews July 25, 2012
Kazakhstan plans to abolish subsidy for grain transportation to the Black Sea and Baltic seaport, the agriculture minister Asylzhan Mamytbekov has informed. The transportation subsidy of USD 27 per 1 ton of grain will be scraped on Aug 1. The measure was effective for 2011-2012 marketing year. The ministry explained that the rising grain prices (due to lower than expected harvest) justified scrap of the subsidy. As we earlier reported, due to drought which killed grain crops on an area of 94,000ha in the north part of the country, Kazakhstan is expected to harvest 12.8mn tons of grain this year (down from earlier forecasted 14mn tons, and much less than record 27mn tons gathered last year). Grain exports for 2012/13marketing year is projected at the level of 10mn tons, down from 12.1mn tons a year ago. The government was ordered by the president to take measures to control grain and bread prices on the domestic market.

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