Kazakhstan decreases wheat exports forecast.

By bne IntelliNews May 4, 2011
Kazakhstan decreased grain exports forecast to 5.5mn tones of wheat for the current marketing year due to high level of inflation. The original forecast was set 6mn tones of wheat for this year. To remind you, CPI inflation made up 8.4% y/y in Jan-Apr while the government project this years inflation in corridor of 6-8% y/y. As reported, in March, the Agriculture Ministry lowered wheat export forecast from 7mn to 6mn tones in order to provide wheat for the domestic market. The country forecasts that it will gather 15-16mn tones of grain this year.

Related Articles

Kazakhstan in talks with McDonald's.

Kazakhstan is in talks over McDonald's enter to the Kazakh market, President of the Eurasian Franchising Association, Beknur Kissikov has said. He added that the main reasons that McDonald's is ... more

Kazakhstan to establish institute for energy and energy effectiveness.

Kazakhstan will establish institute for energy and energy effectiveness, deputy PM and Minister of Industry and New technologies Aset Isekeshev has informed. The new entity should start operating ... more

Kazakhstan to diminish oil products imports from Russia.

Kazakhstan plans to diminish oil products imports from Russia, according to Kuandyk Kulmurzin Director of oil industry development department in Oil and Gas Ministry. He explained that the reason ... more