Strategic Eurasian business opportunities and geo politics 2013-2050 Energy projects, Oil and Gas, Pipeline Politics, Banking and Finance, Food processing : Kazakhstan has the worlds biggest ratio of natural resources per capital and one of the fastest growing emerging market. The country is very dependant on commodity prices as shown in recent crises in 2008 and now has The National Fund of Kazakhstan is now 100% invested abroad and provides a cushion as it is a very high percentage of GDP.
Nordic Partnership + 44 0207 193 3604 www.nordicpartnership.com

Sunday, 21 April 2013

Asia Largest Grain producer Kazakhstan



Kazakhstan exports hit record despite severe drought



 Kazakhstan (Reuters) — Kazakhstan exported 5.2 million tonnes of grain between July 1, 2012, and April 1, 2013, compared to 8.3 million tonnes in the same period the previous year, said a senior agriculture ministry official.

The country, which is central Asia’s largest grain producer, could potentially export a further two million tonnes of grain by the end of the current marketing year, said Sagintai Zhumazhanov, head of the ministry’s land development department.

Commenting on reports that Egypt was considering resuming wheat imports from Kazakhstan after a two-year hiatus, Zhumazhanov said: “If they wish, we are ready to sell. I have told you about our remaining potential … so they are welcome to partake of this chunk of the pie.”

Zhumazhanov said Russia and the European Union had become important new destinations for Kazakh grain exports this marketing year. 

Kazakhstan suffered a severe drought last year but still exported a record 12.1 million tonnes of grain in the last marketing year.

No comments:

Post a Comment