Kazakhstan exported 553.1 KMT of wheat in February 2017/18, i.e. the largest monthly volume since November 2013/14. This is 12% more than in January 2018 and 135% more than in February 2017, reports UkrAgroConsult.
In total, Kazakh exporters shipped abroad 2770.5 KMT of wheat in the first half of MY 2017/18 (September - February) that is 34% more than at the same time last season (2062.6 KMT). In addition, this is a five-year high.
Kazakh wheat is supplied mostly to Asian countries. As before, the top importer is Uzbekistan, which absorbed 44% of total exports at the time. In addition, the top three buyers of Kazakh wheat steadily include Tajikistan and Afghanistan.
The European Union and Turkey stepped up its purchases.
Less than three months are left before the start of the new season, and the trade in new-crop grain is gradually picking up the pace. However, no decline is envisaged in old-crop grain purchases yet.