Kazakhstan’s flour export revenue up 86% in January-May

International Business News  –  In January-June 2022, a total of 1.6 million tons of flour was produced and produced in all of Kazakhstan, an increase of 1.5% compared to the same period last year, according to HaAgriculture.com. According to Energyprom data, the total flour production in 2021 is 3 million tons, which is 10.3% less than in the same period of 2020. 764,700 tons of flour were exported from January-May, which is 36.2% more than in the same period of last year, and in terms of export value, 86.8% more than in the same period of last year, amounting to $292.6 million.

Among them, 212,700 tons of flour were exported to the CIS countries, a year-on-year increase of 15.1%. Most of Kazakhstan’s flour exports go to Uzbekistan: 158,000 tons (up 17.6%). The top three countries in Kazakhstan’s flour export market also include Turkmenistan and Tajikistan.

552,000 tons of flour were exported to non-CIS countries with an export value of $223.7 million, almost all to Afghanistan: 551,500 tons – an increase of 47.1% over the same period last year.

From January to the end of May, the flour supply of Kazakh enterprises met 98.9% of the market demand (sales in the domestic market plus export). Although the import volume increased by 2.4 times, it was only 14,400 tons compared with the domestic production of 1.3 million tons in the same period. Flour sales in the domestic market fell by 21.3% to 551,700 tons.

In July this year, the price of flour in Kazakhstan rose by 36.6% compared with the same period in July 2021. The price of first-grade flour was 225 tenge and the price of high-grade flour was 343 tenge. Among the major cities in Kazakhstan, the highest flour price is Nur-Sultan (424 tenge) and the lowest is Pavlodar (222 tenge per kilo).

The rise in flour prices is due to higher raw material prices, namely higher wheat prices. Wheat accounts for 70% of flour costs. Previously, the price of wheat continued to rise from 90,000 tenge/ton to 190,000 tenge in mid-June. But since July 1, after Russia resumed exports, the price of wheat has dropped to 130,000 tenge/ton.