Kazakhstan to allocate additional 5 bln tenge to support grain export

November 25, 2011

An additional five billion tenge is envisaged for allocation to support grain exports in the 2011 Kazakhstan budget, the Kazakh Finance Minister Bolat Zhamishev said at a governmental meeting on Tuesday, Trend reports.

“In addition, five billion tenge will be allocated from the budget to reduce the cost of Kazakh grain supplies for export,” Zhamishev said, presenting the project to clarify the national budget for 2011 at a government meeting in Astana.

He said that calculations were conducted based on the price of $40 per ton for transportation of Kazakh grain to Russia.

Kazakhstan intends to export this fiscal year, taking into account the flour and 8-9 million tons of grain equivalents.

“During the 2011-2012 marketing year, grain exports from Kazakhstan, accounting for flour -grain equivalency, are forecasted at 8-9 million tons,” Anna Buts, the director of the Agriculture and Phytosanitary Protection Department of Kazakh Agriculture Ministry said in an interview with Trend. He said grain harvest in Kazakhstan is forecasted at 18 million tons in 2011.

According to forecasts of the International Grains Council, the world’s gross wheat harvest in the 2011-2012 marketing year will hit 674 million tons, which is 23 million tons more than last year’s volume (651 million tons).

Buts said that during the current marketing year, in addition to traditional sales markets (Iran, Azerbaijan, Tajikistan, Afghanistan), Kazakhstan’s grain is planned to be exported to North Africa, the Middle East (through Black Sea ports), as well as to China and Southeast East Asia (transit through China) markets.

“A prerequisite for expanding sales markets for Kazakh grain is deciding on partial reimbursement of transportation costs when exporting grain from Sept.1, 2011, taken by the state commission on the modernization of Kazakhstan’s economy on Aug. 22,” Buts said.

Resourse: www.inform.kz