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Kazakhstan needs 360.000 tons of diesel fuel for springtime sowing

Business Materials 17 April 2012 17:04 (UTC +04:00)

Kazakhstan, Astana, April 17 /Trend D.Mukhtarov/

The demand for diesel fuel for spring sowing in Kazakhstan is 360,000 tons, Kazakh Ministry of Agriculture said on Tuesday.

The supply scheme of diesel fuel to farmers at a reduced price is saved as in the period of spring sowing and harvesting operations in 2011. The preferential fixed selling price for diesel fuel to farmers for spring field work in 2012 from the refineries (refinery dispatch station) is set at 86.700 tenge (about $570) per tonne or 72 tenge (50 cents) per litre which will set the price for diesel fuel for the end user by 10-15 per cent below market price.

The State Commission on the modernisation of the economy decided to increase the purchase price of wheat from 16 500 (about $110) to 21 000 tenge ($140) per tonne, that will solve the problem of guaranteed markets for grain producers, to eliminate price dumping. Also the deficit in agricultural cash required to repay the loans and payment of taxes and other obligatory payments and generally improve the efficiency of grain production.

It is planned to direct 95.9 billion tenge, including 80.0 billion tenge of budgetary credit of national holding institutions KazAgro to support sectors of agriculture in Kazakhstan.

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