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Friday, May 25, 2012
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Kazakhstan: grain prices stabilized

20/12/2011 08:02 (156 Day 21:51 minutes ago)

The FINANCIAL -- According to information provided by experts of APK-Inform Agency, the Kazakh export market of grains faced stabilization of bid prices for milling wheat on the basis of DAP-Saryagash, Dina Nurpeisova, Aksau.

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Thus, the offer price of traders on the border-crossing of Saryagash vary within the range of 153-157 USD/t. At the same time, in late December, traders expect for increasing of prices for the grain. According to market participants, the increase is justified due to the limited number of offers of high-quality wheat.

As a reminder, in 2011/12 MY agrarians of Kazakhstan harvested the record grain harvest, but dye to unfavorable weather conditions during the harvesting campaign, large-scale volumes of wheat do not meet to State Standards requirements. Besides, it is worth noting that in the beginning of the season the offer prices for milling wheat were declared within the range of 190-210 USD/t of DAP.

 

 

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