Grain cost subsidies introduced in January in Kazakhstan

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Erbol Karashukeev, Minister of Agriculture of Kazakhstan, announced a number of measures that directly relate to the development of the agro-industrial complex.

At a meeting of the Government, the minister announced that, on behalf of the country’s President Kassym-Zhomart Tokayev, a set of measures had been developed to replace imports. With their implementation, it will be possible to stabilize prices for foodstuffs belonging to the category of socially significant.

The department took prompt action. In particular:

  • First, the Ministry introduced restrictions on the export of sunflower seeds (125 thousand tons) and sunflower oil (110 thousand tons);
  • Secondly, the export of carrots and potatoes was banned for three months;
  • Thirdly, for six months a ban was introduced on the export of live cattle and small ruminants.

To stabilize the price of bread, grain prices will be subsidized from January. It will be sold by JSC “NC” Food Contract Corporation “in the regions to produce social bread in them. Grain will be sold on the domestic market at a price lower than the market price.

 

QazaqZerno.kz

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