Kazakhstan to supply grain to Indonesia
Azerbaijan, Baku, April 13 / Trend E. Kosolapova/
Kazakhstan will supply 300,000 tons of grain to Indonesia this year, Kazinform reported.
The agreement on grain supply was signed between the Kazakh company Bereket and the Indonesian company Indofood within Kazakh President Nursultan Nazarbayev's visit to Indonesia.
Moreover, within the visit of the Kazakh delegation to Indonesia, the Kazakh Sovereign Wealth Fund Samruk-Kazyna and the Indonesian company Multistrada signed an agreement to create a joint venture for production of automobile tires in Kazakhstan, Samruk-Kazyna Deputy Chairman Kuandyk Bishimbayev said. Both parties will have 50-percent share in the project. The project is worth $100 million.
Kazakh President Nursultan Nazarbayev is on his first official visit to Indonesia on April 12-15.
Kazakhstan is among the world's largest grain exporters. In 2011 the republic had a record harvest of nearly 27 million tons of grain in net weight. Export potential was estimated at 15 million tons.