Kazakh region eyes import substitution of agricultural products
Baku, Azerbaijan, July 13
Kazakhstan's Zhambyl region eyes to create its own sugar beet fund, to rely less on imports of agricultural products, the Agriculture Department of the region's administration said in a statement on Thursday.
“There is a need to create own seed stock of sugar beet in order not to depend on imported seeds, to reduce the final cost of agricultural products. Moreover, the region used to have its own seed farms and agricultural stations. It is necessary to equip the mini workshops with dragees and other special equipment to bring the seed material up to European standards”, said the message.
It was also noted that already next year own local beet production will be favored over the imported one.
In 2016 from the regional budget of 420 million tenge was allocated for the purchase of “Avantage” seeds in France, while in 2017 - 350 million tenge.The fact that Zhambyl agrarians buy seeds from intermediaries has an effect on increasing its value.
The official exchange rate for July 12 was 343.11 KZT / USD.