Kazakhstan: Prodcorporation will provide bakers of the country with grain

JSC National Managing Holding “KazAgro”, akimats of Almaty and Almaty region, “Grain Union”, “Grain Processors and Bakers Union” signed a memorandum on the provision of food wheat, reported IA “Kazakh-Zerno”.
The main purpose of the memorandum is to prevent unjustified increase in prices for bread.
According to the terms of the memorandum, akimats should define operators and grain processors, which will provide flour for bakery enterprises at a fixed price.
Holding “KazAgro” will supply grain from available resources to operators at the fixed price – 26 500 tenge through Prodcorporation.
Delivery of grain by Prodcorporation will be carried out in accordance with the schedule of monthly demand for the period from September 1, 2010 to October 1, 2011.
In case there is not enough grain in Prodcorporation to satisfy the request of akimats in accordance with the schedule, Grain Union undertakes to ensure an operator with grain at a specified price.
Akimats will control the use of corn at grain processing organizations and prevent unjustified rise in prices for bakery product.

Sergey Buyanov

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