Baku, Azerbaijan, June 11
By Ali Mustafayev – Trend:
Price on buckwheat in January-May 2018 in Kazakhstan decreased by 34.9 percent to 259 tengeS per kg compared to the same period of the previous year, Energy Prom reported.
A high level of self-sufficiency in Kazakhstan’s croup segment helps to restrain price growth.
In the mentioned period, semolina increased in price by only 0.5 percent per year, to 214.5 tengeS per kg, barley - by 1.1 percent, to 167.7 tengeS per kg, rice - by 1.4 percent, up to 290.3 tengeS per kg, millet - by 3.1 percent, up to 213.7 tengeS per kg.
Oatmeal increased in price by 6.1 percent in May 2018, up to 313.9 tengeS per kg.
In the first four months of 2018, Kazakh companies produced 28,100 tons of cereals (11.8 percent more year over year) and 73,000 tons of rice (15.9 percent more year over year).
Imports of rice and other groats also slightly increased, by 4.6 percent. Kazakh groat producers cover only 95.9 percent of the domestic demand.
In addition to overlapping domestic needs, Kazakh producers pursue an active export policy. The volume of supplies to foreign markets in January-March of this year increased by 26.4 percent year over year.
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