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Kazakhstan to increase flour, wheat volume allowed for export

Business Materials 24 April 2020 20:30 (UTC +04:00)
Kazakhstan to increase flour, wheat volume allowed for export

BAKU, Azerbaijan, Apr.24

By Nargiz Sadikhova - Trend:

Kazakhstan’s Ministry of Agriculture is planning to increase quotas on export of wheat and flour, Kazakhstan’s First Vice-Minister of Agriculture Aidarbek Saparov said, Trend reports.

Saparov made the statement during a briefing held on Apr. 24, 2020.

He said that the ministry is planning to introduce the following quotas in May 2020: 250,000 tons on wheat of all classes, and 150,000 tons on flour. Thus, the flour export quota will be doubled in May 2020.

He also added that there are plans to possibly abolish quotas regime in June.

This issue is currently being considered, Saparov said.

Talking possible grain export volume over the period from Jun.2019 to Jun. 2020, Saparov said that annually Kazakhstan exports seven to eight million tons of grain and flour in grain equivalent.

“Currently we are only allowing export on quotas. However in June we may lift the quotas regime and there no longer will be any issues with the export. Overall, I think the export volume will reach 8-9 million tons this year,” Saparov said.

On Apr. 3, 2020 Kazakhstan’s Ministry of Agriculture announced the volume of wheat and flour permitted for export in April 2020.

The ministry said that 200,000 tons of wheat and 70,000 tons of flour can be exported from the country this month.

At the same time, traders must supply 30 percent of the exported volume to the local market by set prices. A ton of 3 and 4 class wheat for the local market must be sold for 84,000-86,000 tenge ($187-196).

In turn, flour must be sold for 120,000 tenge ($268) per ton in Akmola, North Kazakhstan, Kostanay, Pavlodar, East Kazakhstan, Karaganda regions and Nur-Sultan cities, and for 130,000 tenge ($290) in other Kazakh regions and cities of republican importance.

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