ASTANA, Kazakhstan, April 14. Based on data from the "Grain and Oilseeds. Kazakhstan" research bureau, updated recommendations have been provided for producers of grains, oilseeds, and legumes in Kazakhstan.
Data obtained by Trend from Kazakhstan's Ministry of Agriculture indicates that, in the grain sector of Kazakhstan, prices for 3rd- and 5th-grade wheat have risen. Specifically, the price of 3rd-grade soft wheat with VAT at the elevator has increased by 4 tenge (KZT), reaching 87 tenge/kg (approximately $0.165) for quality up to 25,000 Quality Class, while there has also been a slight increase for 4th-grade wheat (+1 tenge, up to 80 tenge/kg, approximately $0.152).
It is expected that grain prices will continue to rise, both for procurement and export, with a potential increase of up to $10. However, for certain products, such as 3rd-grade soft wheat (28,000-25,000 Quality Class) and 2nd-grade barley, market participants recommend halting trade (STOP) and waiting for more favorable conditions.
The oilseed sector has seen price increases, particularly for flax and rapeseed. Flax has risen by 12 tenge, reaching 260 tenge/kg (approximately $0.494), while rapeseed has increased by 2 tenge, reaching 222 tenge/kg (approximately $0.421). Soybean prices have risen by 4 tenge (up to 204 tenge/kg, approximately $0.387), signaling a selling opportunity. However, prices for sunflower, safflower, and mustard have declined, leading to a recommendation to pause trading or sell the goods as needed.
“For crops like sunflower and safflower, a continued price decrease is expected, so it is advised to sell as necessary. For crops like rapeseed and flax, further price increases are forecasted, so it is recommended to halt sales at current levels (STOP) and wait for more favorable offers. Forecasted maximum and minimum prices for various crops may fluctuate depending on market conditions and the quality of the products,” added the Ministry of Agriculture of Kazakhstan.
Analysts anticipate that the procurement and export pricing metrics for grain commodities could escalate by an additional $10, yet volatility in price dynamics is projected to persist, exhibiting marginal growth trajectories leading up to the forthcoming harvest cycle.