Kazakhstan harvests 4.7 million tons of grain

Currently harvesting is being carried out in all regions of Kazakhstan. the crops are removed from an area of 6.3 million hectares (41% of the harvest), harvested 4.7 million tons of grain with yield at 7.4 c / ha, the Ministry of Agriculture said on Wednesday.

Issues of providing the agricultural sector with cheapened diesel fuel is solved are solved for a successful harvesting. Some 410 tons of cheapened diesel fuel at a fixed price of 85 365 tenge ($1 - 149, 8 tenge) per tone from the refinery (or about 70 tenge per liter). The average price of diesel fuel for agricultural producers in the regions including transportation and costs of operators is about 81 tenge per liter, which is 10% below market prices.

Over 190 thousand tons of cheapened diesel fuel or 46 percent of the planned volume has been already shipped from the refineries.

JSC KazAgroMarketing noted that average demand price for 3-grade wheat in the republic is 39,977 tenge ($ 1 - 149, 7 tenge).

According to the July report of the International Grains Council (IGC) global forecast of wheat production for 2012/13 marketing year amounts to 664.6 million tons, decreasing by 6.4 million tons compared to May forecast and 30.4 million tons less than in the past season. It increases the demand for the wheat and therefore increases its price.

Thus price of 1 ton of wheat was $329 on the Chicago Board of Trade (CBOT) as of August 22 this year, at the Paris Mercantile Exchange (MATIF) - $334, by $52 and $40 more than at the beginning of July 2012 respectively.

The average price of wheat in Kazakhstan, as of August 24 this year, is 38-40 thousand tenge per ton ($240-265) compared to $124 in the beginning of the year.