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Prices of grain of current harvest to depend of prices at Russia market

Business Materials 23 August 2010 11:37 (UTC +04:00)

Azerbaijan, Baku, Aug. 23 / corr Trend S.Suleymanov /

Price of Kazakh grain of the current harvest will depend on prices at the Russian market, ProdKorporation Managing Director for Commercial Issues, said in an interview for Trend.

"It is too early to speak about prices of Kazakh wheat of current harvest, because mass harvesting has not begun," Uvashev underscored. "Moreover, most will depend on numerous factors, for instance, prices of our northern neighbor."

According to Uvashev, following Russia's ban on its grain export due to string draught, prices there fell by 8-10% immediately from $200 per ton to $185 per ton.

"Remakers dictate prices in Russia," Uvashev said. So, Kazakh seed vessels have to wait for further progress of developments."

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