Class 4 wheat prices in Kazakhstan rise to 86,000–90,000 tenge per tonne

According to the Grain Union of Kazakhstan, class 4 and 5 wheat rose by 1,000 tenge over the week and now costs 86,000–90,000 and 83,000–86,000 tenge per tonne. Feed barley gained the same amount and sells for 68,000–72,000 tenge per tonne.

Yevgeny Karabanov, head of the union's analytics committee, links the price growth to demand from processors, poultry farms and exporters amid a shortage of supply. Offers for Russian wheat are also getting more expensive: Russia is short of railcars, and logistics have become more costly.

Domestic prices for class 3 wheat did not change, at 89,000–110,000 tenge per tonne depending on quality. Little of it was bought because KTZ restricted loading towards Uzbekistan. Export prices on DAP Saryagash terms did not change either: $265–300 per tonne for class 3 wheat, $255–260 for class 4 and $245–250 for class 5.

KTZ worked jointly with Uzbekistan's railways, and intake at Saryagash station rose from 31 to 35 pairs of trains per day. The backlog of railcars in this direction fell from more than 10,000 to 9,100, but it is still 30% above the standard level (6,980). A large backlog of railcars also built up at Bolashak station.