Kazakhstan traders expect grain export subsidies through ports at $40 per tonne

Source

APK-Inform

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Kazakh exporters expect that the government will allocate subsidies for the transportation of grain, which will be shipped through the ports of Russia and the Baltic countries, at the level of $40 per ton. This information was announced by Kanat Kobesov, the Chairman of the Supervisory Board of NurZholCompany LLP, the Chairman of the Board of the National Association of Exporters KazGrain, during his speech at KAZAKH GRAIN & LOGISTIC FORUM 2024 in Astana on December 6.

He emphasized that in the current realities, only those who are ready to be flexible and change will remain in the market. Logistics will meet the needs of trade in the near future, taking into account current geopolitical trends, sanctions and restrictions.

“Kazakhstan has harvested a record crop this year - more than 26 mln tonnes. Naturally, it needs to be exported. However, in order to ship products to distant countries, we need to modernize our infrastructure, including port infrastructure, introduce digital services, etc.”, Kobesov said.

According to him, the priority export destinations for Kazakh grain, where infrastructure needs to be modernized, are the EU countries, via Iran to the Persian Gulf countries, via the Transcaucasus countries to North Africa, the European Union and Turkey, to China and Southeast Asia.

The speaker also said that the total increase in railroad tariffs for 2024 was about 25% (plus an expected increase of 24% in 2025).

As APK-Inform previously reported, the Ministry of Agriculture of Kazakhstan has developed the Rules of subsidies payment to reduce the cost of expenses related to the transportation of food grain. The corresponding draft was published on the Open Regulations portal.

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