Kazakh Agriculture Ministry denounces problems in grain market

Новость на Казах-зерно:

The Kazakh Ministry of Agriculture denounces problems because of the situation at the grain market.

Speaking at a governmental teleconference Kazakh Minister of Agriculture A. Mamytbekov informed that the International Grains Council’s forecast of world wheat production in the 2012-13 marketing year was reduced to 665 million tons, that is by 30 million tons lower than in the last season.

This is caused by torrid weather in main countries – wheat producers and exporters (U.S. EU, Austarlia, Argentina, Russia and Ukraine.)

“As a result prices on the world market over the last ten-day period have increased by 35-89 dollars and reached USD 315-349. Domestic Kazakhstan’s price since the beginning of the year rose from 124 to 200 U.S. dollars. In the Black Sea ports – from 270 to 315 dollars,” he informed.

According to him, the situation could lead to a rise in prices for flour and bread, reduced productivity of forage grasslands, feed shortages and as a result early livestock slaughtering, seed shortages for next year’s crop, deterioration of the financial position of individual economic entities.

“Taking into account the current situation, it is necessary to take immediate measures on prediction of drought post-effect, supply grain and feed for livestock to the regions not serviced by its own production, prevent growth in prices for flour and bread,” the Minister said.

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