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EBRD: Kazakhstan and Russia can increase food supplies to the world market

24 june 2011, 18:46
0
Thomas Mirow. ©REUTERS-Vincent Kessler
Thomas Mirow. ©REUTERS-Vincent Kessler
Kazakhstan, Russia and Ukraine can increase supplies of food to the world market, Tengrinews.kz reports citing President of European Bank of Reconstruction and Development (EBRD) Thomas Mirow.

“The 29 countries where the EBRD operates, especially the big three grain producers, Russia, Ukraine and Kazakhstan, have some of the greatest potential to increase food production globally,” Mirow said in his article published in the Financial Times newspaper.

According to the EBRD, in the next 10 years the harvest of grain might grow 75 percent. Around 40-60 million hectares of lands could be added into the agricultural turnover.

“If supply is to match the rising demand, substantial investment is needed to increase productivity. Most of this can only come from private sector,” EBRD President said. He added that G20 leaders could help by increasing investments and technical assistance, support transfer of technologies and new methods of financing.

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