As expected, Kazakhstan closed the 2017/18 season with a new record in the grain market.
Kazakh wheat and flour exports to foreign markets hit a six-year high this past season, while barley exports hit an all-time high, reports UkrAgroConsult. Despite aggravating aggressive competition in the grain export market from Russia, Kazakhstan managed to realize its export potential for the season.
In the 2017/18 season, wheat exports from Kazakhstan increased by 44% compared to the previous year. At the same time, it is worth noting that though the pace of exports traditionally slows in the last months of the season, it remained steady fast in MY 2017/18. Regarding flour exports, they increased slightly – by less than 2%.
The most substantial rise in exports is seen in the barley market. Owing to a bumper barley crop and high carryovers in the country in 2017, Kazakh exports of this commodity hit an all-time high as well. Kazakh exporters shipped abroad twice as much as in MY 2016/17.
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