Kazakhstan’s wheat export is 11% higher y-o-y, but slowing down

Source

APK-Inform

3705

For 7 months of 2022/23 MY (September-March), Kazakhstan exported 4.68 mln tonnes of wheat, which is 11.4% higher year-on-year (4.2 mln tonnes), APK-Inform reports with reference to official statistics.

The top three buyers of Kazakh wheat includes Uzbekistan (2.34 mln tonnes), Tajikistan (676.3 thsd tonnes), and Afghanistan (653.6 thsd tonnes).

At the same time, there is a slowdown in wheat exports pace from Kazakhstan in February-March.

In March 2023, Kazakhstan exported 612.2 thsd tonne of wheat to the foreign markets (760 thsd tonnes y-o-y), and in February – 639.4 thsd tonnes (66 thsd tonnes y-o-y).

Interestingly, in the current season, Iran significantly reduced purchases of Kazakh grain – in 7 months of 2022/23 MY, wheat exports in this direction amounted to only 127.54 thsd tonnes compared to 420.49 thsd tonnes y-o-y.

It should be noted that due to logistical problems on the railway, Kazakh exporters are unable to export about 700 thsd tonnes of grain from the country every month, which is equivalent to loss of export earnings of over 82 bln tenge.

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