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Kazakh Grain Union forecasts decrease of flour prices

27 April 2011 13:38
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ASTANA. April 27. KAZINFORM The Grain Union of Kazakhstan forecasts decrease of flour prices at the end of May 2011, AgriMarket.Info reported.

Nurlan Tleubayev, Head of the Union, informed on April 20 that despite the fact that the Russia and Ukraine imposed grain export limitations, the government of Kazakhstan in August 2010 did not surrender to panic and did not introduce any restrictive measures, such as a ban (for export) and quotas.

After eight months the traditional importers are receiving all the required volumes.

Kazakhstan kept the price level, he said. Over the last 30 days the price of 3-grade wheat lowered from the level of 55,000 tenge ($378) to the current level of 45,000 ($309)

According to Tleubayev, in 45 days wheat volumes will come to the plants, which will begin to decrease the price of flour.

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Zhanna Nurmaganbetova

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