Kazakhstan, Astana, July 10 / Trend D. Mukhtarov /
In Kazakhstan, the income from grain exports will continue to rise amid falling prices for the main export commodity - oil, the Director of the Department of the Kazakh Ministry of Agriculture, Anna Buts told Trend on Tuesday.
"Out of last year's harvest stocks we have in reserve 9.8 million tons of grain, and our export material is not completely exhausted. I can not say that grain exports would be the main source of income, but the fact that the volume of exports and, consequently, the revenues from the sale will continue to grow is definite," Buts said.
She said Kazakh grain due to the high quality [the level of gluten of Kazakh grain ranges from 14 to 23 per cent] is in great demand at international ports.
In addition, according to Buts, amid falling grain prices on world market, the Kazakh grain price also increased. According to the KazAgroMarketing, the purchase price in the domestic market of Kazakhstan for the third grade wheat in early July rose to $155 per ton, compared with $124 dollars in January.
There is a tendency towards grain prices growth in the world. In early July at the Chicago Board of Trade (CBOT), the price of one ton of wheat has increased by $29 and reached, as of July 7, $298, at the Paris Mercantile Exchange (MATIF) - increased by $18 to reach $304.
In the cash market price of one ton of U.S. wheat in early July this year increased by $24, Europe - $20, Russia - $60.