Report Published: "Kazakhstan Agribusiness Report Q3 2015"

From: Fast Market Research, Inc.
Published: Thu Jun 04 2015


Although the 2014/15 grain harvest has disappointed, the government is encouraging exporters to take advantage of climbing prices for wheat. The lowest quality grains will compete with imported corn for the animal feed market. Improving the quality of domestically produced animal feed is high up the agenda in the government's Master Plans for the beef and poultry industries. We expect the sustained investment in improving inputs and providing financial support to commercial farms that the plans commit to will see meat production picking up pace. Despite the falling value of the tenge due to the oil price slump, we expect strong economic growth to 2019 , which will enable the government to continue to support agricultural development in the country.

Full Report Details at
- http://www.fastmr.com/prod/1004004_kazakhstan_agribusiness.aspx?afid=301

Key Forecasts

* Wheat production growth to 2018/19: 4.0% to 14.5mn tonnes . Production levels will be maintained by improving yields, as acreages are set to decline as subsidies incentivise sowings of other field crops.
* Milk consumption growth to 2019: 23.5% to 5.6mn tonnes. This will be a result of increased demand from a growing population, with manufacturers of flavoured milks likely to be among the main beneficiaries.
* 2015 real GDP growth: 4.8%, up from 4.1% in 2014; forecast to grow at an average rate of 5.5% from 2014 to 2019.
* 2015 average consumer price inflation: 8.1% year-on-year (y-o-y), down from 8.3% y-o-y in 2014.
* BMI Universe Agribusiness Market Value: 3.1% y-o-y decrease to USD6.77bn in 2015, forecast to grow by an average 2.8% annually between 2014 and 2019.

Industry Developments

Kazakhstan has no plans to introduce export restrictions on grains despite similar moves in Russia amid the plummeting values of both the rouble and tenge. Russia is attempting to avoid a spike in bread prices by placing informal obstacles in the path of grain exporters and will apply an export levy of USD43 per tonne from February....

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Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
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