Grain Market Analyst
Following record exports of barley, Kazakhstan continues expanding its plantings. According to the country’s Ag Ministry, an all-time record 3 Ml ha was planted to barley for the 2019 harvest (+18% from last year).
Therefore, UkrAgroConsult estimates that barley production in Kazakhstan may increase to a record level.
Such a large crop may take the nation’s export potential to new high level, however, noteworthy is that its realization will depend on competitiveness of Kazakh barley in the foreign market. As before, it is supplied mostly to Iran. The main competitor of Kazakhstan there is Russia, whose barley production and exports are also expected to rise.
The wheat area reported by the Ag Ministry of Kazakhstan is larger than announced before. UkrAgroConsult increased its forecast for the 2019 wheat crop and exports in the country.
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Please be reminded that on September 5, UkrAgroConsult will host a major meeting point of the oilseed industry operators - the 7th International Conference “Black Sea Oil Trade-2019” in Hilton, Kyiv, Ukraine.
‘Black Sea Oil Trade’ conference annually brings together key players of the global agribusiness at the start of a new oilseed season. The goal of the conference is to discuss prospects and directions of the Black Sea and global oilseed market development, exchange international contacts, share recommendations for adapting business strategies in the changing market and global trade.
More than 250 delegates from 25+ countries attend the conference annually. Conference participants are represented by producers and crushers of oilseeds, traders, enterprises for deep processing of vegoils, investment companies, banks, legal, shipping, brokerage, insurance, surveyor and other companies.
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