Kazakhstan: Grain and Feed Update
Link to report:
Kazakhstan is expected to have a bumper crop following last year’s troubled production. After heavy rains and flooding in May 2024 delayed planting, Kazakhstan’s primary growing regions have had near perfect weather, greatly raising the outlook for the upcoming fall harvest. While a large crop is anticipated, a lack of demand from traditional markets like Iran, transit issues and barriers in China and Russia all present active challenges to exports. Farmers are concerned that harvest pressure and international trade issues will lead to falling prices. In response, the Government of Kazakhstan (GOK) plans another a six-month ban on wheat imports in response to competition from Russia. Kazakhstan’s estimated wheat production is raised to 15.8 million tons in marketing year (MY) 2024/2025 and wheat exports are estimated at 10.5 million tons. Barley production is estimated at 3.4 million tons and exports at 1.6 million tons.
