Italy significantly increased import of Kazakh wheat in 2021/22 MY

Source

APK-Inform

15541

According to the Bureau of National Statistics of the Agency for Strategic Planning and Reforms of the Republic of Kazakhstan, in July-December 2021/22 MY, Italy imported 154 thsd tonnes of Kazakh wheat, up 3.8 times y/y.

APK-Inform said that about 55% of wheat had been exported on FCA basis (85 thsd tonnes), 36% on CPT basis (56 thsd tonnes), 5% on CIF basis (7.2 thsd tonnes) and 4% on FOB basis (6.3 thsd tonnes).

Analysis of Kazakh wheat export to Italy on FCA basis showed that about 58% of the overall volume was presented by soft wheat and 42% by durum. The average price of soft wheat export totaled 234 EUR/t FCA, while the average price of durum wheat totaled 405 EUR/t FCA.

“If we compare this to the supplies to the largest buyer of Kazakh wheat – Uzbekistan – we see that about 98% of total volume was exported on DAP basis and the average price was 245 USD/t. Uzbekistan imported 1.4 mln tonnes of Kazakh wheat in July-December 2021/22 MY, down 25% y/y”, – APK-Inform said.

More detailed information about prospects for Kazakh grain market will be presented at the international conference Asia Grains&Oils Conference in Qazaqstan 2022 that will be held on April 7, 2022 in Nur-Sultan.

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