Wheat exports from the Black Sea countries could be modest in November as Russian farmers withhold crop in expectation of higher prices and as Kazakhstan needs more time to get a clear estimate of the quality of its harvest, traders said. Russia, Ukraine and Kazakhstan, which are major global wheat exporters via the Black Sea,
Black Sea wheat exports to fall as Russian farmers hold back
Kazakhstan plans to create national grain company
Kazakhstan, a top 10 world wheat exporter, unveiled a tentative plan on Feb. 24 to create a national grain company funded by the state and private business that would equip the former Soviet republic with better infrastructure to move its grain to market. The company, a response to President Nursultan Nazarbayev’s call to better organize
Kazakhstan Lowers Grain Exports To Curb Inflation
Kazakhstan lowered its exportable grain surplus by 14 per cent to six million tonnes this season after diverting extra stocks to battle rising inflation, Agriculture Ministry officials said Mar. 17. Kazakhstan, the world’s seventh- largest wheat exporter, had previously said it would have seven million tonnes of grain available for export in the current season,
Kazakh Grain Crop To Recover After Export Dip
Kazakhstan, expecting a return to average crop volumes this year, has reduced its grain export forecast to seven million tonnes in the current marketing year after its drought-affected harvest fell below expectations in 2010. The world’s seventh-largest wheat exporter is forecasting a 2011 harvest of between 15 million and 16 million tonnes, helped by plentiful
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