According to Kazakhstan’s Ag Ministry, the country’s grain export potential in MY 2019/20 will decrease by almost 3 MMT against 10.8 MMT in MY 2018/19, reports UkrAgroConsult.
The reasons include a drop in the Kazakh grain crop in MY 2019/20, weaker demand from the traditional importers (in particular, Uzbekistan, Turkmenistan, Afghanistan and Iran) due to high grain production in these countries.
As a reminder, UkrAgroConsult had previously cut its estimate for 2019/20 grain exports from Kazakhstan.
More detailed information on the latest trends in grain exports, supply and demand balances with breakdown by crop, price behavior, crop conditions and progress in harvesting/planting in the countries of Black Sea Region is available to subscribers for Online Analytics "Black Sea Grain" in the new innovative tool for agri market participants – AgriSupp.com by UkrAgroConsult. We offer 2-week trial! Completely free!
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