Kazakh government to support domestic agricultural producers

The Kazakh government plans to directly purchase 350,000 tonnes of wheat from agricultural producers. This initiative aims to support domestic farmers who have been affected by unfavorable weather conditions this year. These measures were discussed at a meeting of the State Commission on the Issues of Modernization of the Economy of Kazakhstan chaired by the country’s Prime Minister Alikhan Smailov. Thus, the purchase prices of the National Company Food Contract Corporation will be set as part of the forward purchase of wheat. Additionally, farmers will be able to fulfill their loan obligations without paying penalties or by substituting one class of grain for another. Those unable to meet these conditions will receive a one-year contract extension. Smailov emphasized that the direct purchase of feed wheat by Food Contract Corporation will have an impact on the grain market and improve the financial situation of agricultural producers. He instructed state agencies to promptly commence work on providing support to farmers.

Web-editor: Aizhan