DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/1215fc/kazakhstan_agribus) has announced the addition of the "Kazakhstan Agribusiness Report Q4 2011" report to their offering.
Business Monitor International's Poland Agribusiness service provides proprietary medium term price forecasts for key commodities, including corn, wheat, rice, sugar, cocoa, coffee, soy and milk; in addition to newly-researched competitive intelligence on leading agribusiness producers, traders and suppliers; in-depth analysis of latest industry developments; and essential industry context on Poland's agribusiness service.
BMI View: The Kazakh government's efforts to develop the country's agricultural industries continue to bear fruit. BMI are forecasting strong growth in terms of meat and dairy production, which will continue to benefit from supportive subsidy regimes through the forecast period. BMI have also raised their wheat forecast significantly this quarter in line with encouraging yield reports and expect to see production bounce back significantly from last year's poor season. This comes at an excellent time for Kazakhstan's farmers, with global supplies tight due to poor harvests in the EU and US.
Industry Developments
In 2010, Black Sea states such as Russia and Ukraine imposed grain export controls in order to ensure domestic supply after severe drought reduced output. In May, Ukraine removed its quotas while replacing the regime with export duties of 9%-14% on wheat, corn and barley. Russia finally removed its export ban on July 1, prompting questions about whether the country would similarly try to manage export levels through duties. The moves come at a time when poor growing conditions in the US and the EU are likely to severely reduce global supply. BMI is therefore sceptical that the coming months will see significant reductions in already high wheat and corn prices - to the benefit of Kazakh farmers.
Read more inside Kazakhstan Agribusiness Report Q4 2011
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