Kazakhstan wants to double shipping subsidies for grain exports.

By bne IntelliNews March 19, 2010
Kazakhstan wants to double shipping subsidies for grain exports. The aim is to encourage producers to boost exports at a time of falling global prices. Kazakhstan harvested 21mn tonnes of grain last year, up from 15.6mn tonnes in 2008. The country is landlocked and thus it has limited exports to the neighbouring countries as well as to Afghanistan and Iran . In past months, the country broke into new markets: China and South Korea after it received a sanitary clearance from Beijing . Kazakhstan has further plans to expand sales to Southeast Asia . Strengthening of subsidy policy is also aimed to help producers to reach far-away buyers. Current subsidies at USD 20 per tonnes will be raised to USD 40 per 1 tonne. Kazakhstan already exported 5mn tonnes of grain in this marketing year.

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