18.11.2024, 11:58 233081

Kazakh Government to allocate KZT 10 bln to buy grain from farmers

Kazakh Government to allocate KZT 10 bln to buy grain from farmers
At the Agriculture's Workers Forum, the Head of State assigned the Government to buy grain directly from farmers through the ProdCorporation in a volume sufficient to keep reasonable market prices. Kazakh Agriculture Minister Aidarbek Saparbayev revealed the Kazakh Government will allocate 10 billion tenge from the reserves to acquire 150,000 tons of grain, Kazinform News Agency reports.

It will be bought through the ProdCorporation to restore the plunge in the grain purchasing process.

He said five export contracts worth 20 million US dollars have already been concluded.

Besides, grain shipping subsidy rules are to be adopted soon. Subsidies are expected to reduce freight charges to the ports of the Black Sea, the Baltics, Southeast Asia, etc., to make the country’s grain competitive in Europe, Africa, Caucasus, and other promising markets.

As earlier reported, the country’s first-ever Agriculture Workers’ Forum took place in Astana on November 15. The Minister highlighted Kazakhstan harvested a record-high 26.7 million tons of grain in 2024.
 

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