October 10, 2011

Kazakhstan to subsidise grain harvest exports  

Kazakhstan will provide US$101 million subsidy for this year's grain exports, according to the Ministry of Agriculture.

Transport costs for exported grain transit become cheaper through Russia and China whereby supplies to China are at US$40/tonne for 2.5 million tonnes in total, the Agriculture Ministry said.

KZT15 billion (US$101.2 million) is allocated from the public budget for these purposes, including KZT5 billion (US$33.7 million) in 2011 and KZT10 billion (US$67.5 million) in 2012.

The Agriculture Ministry forecasts 25 million tonnes of grain to be harvested this year. Twenty-four million tonnes of grain were threshed by October 6.

Ten million tonnes of grain are supposed to be exported from this year's harvest.