Kazakhstan Rice insights

The National Statistics Bureau of Kazakhstan summed up the results for 8 months Russia increased rice purchases from Kazakhstan to a two-year maximum. The total volume of rice purchases by Russia from Kazakhstan in January-August 2024 increased by 22% over the year and reached 11.7 million dollars. This was the maximum in two years. Of other grains, Moscow purchased wheat and meslin from Astana. Its supplies decreased by 3.5 times over the year to an all-time minimum of 342 thousand dollars. The import of wheat and wheat-rye flour also decreased over the year - by 12.3% to 5.4 million dollars. In addition, last year Russia imported barley from its neighbor - for 183 thousand dollars over the eight months of 2023, but this year the purchases stopped.

Global grains (wheat and coarse grains) production in 2024/25 is forecast at 2315mt. Localised drought has limited wheat prospects slightly in Australia and Argentina ahead of the main winter harvest.

(By Chris Lyddon, WG) Despite a cut in the U.S. Department of Agriculture’s (USDA) projection for global rice production this year, the crop is still expected to be a record one, and prices have fallen accordingly. In its Rice Outlook report, published Aug. 14, the USDA’s Economic Research Service (ERS) […]