Earlier Tengrinews.kz reported that Kazakhstan’s Ministry of Economy Development and Trade had raised estimated 2011 exports to 76.3 billion, $17.2 billon up against the earlier estimate.
According to him, “it’s far better for the market to regulate the situation”.
Around 5 million tons of Kazakhstan's grain are exported to southern neighbors and Afghanistan: MP.
Starting from November Kazakhstan will boost grain exports to 1-1.2 million tons a month.
Besides, KazakhstanTemirZholy National Railways Operator has signed agreements with other companies to rent a total of 5 500 grain railway cars.
According to him, contracts have been signed for exports of 1.3 million tons of grain. Only 300 tons have been supplied so far.
In 2010 Iran introduced ban on imports of 20 agricultural produce items, including wheat and rice.
According to Agriculture Minister, 75% of grain has been already harvested.
The new export duty rate comes into effect September 27.
According to Kazakhstan’s Ministry of Economy Development and Trade, the growth is propelled by higher prices for major exports.
When commenting on the reasons behind the Bank’s decision to exercise its preemptive right to purchase Kazakhstan-produced gold, Mr. Marchenko pointed to lack of transparency in gold exports following the liberalization of the national market of precious metals.
According to him, the issue of raising export duty on oil is not considered in the draft three-year budget.
Indian and Kazakh governments are negotiating export of nuclear reactors.
Sky-high grain harvest estimate stood at about 22 million tons as of the end of July, according to Kazakhstan’s Research Institute for Environmental and Climate Studies.
According to President Nazarbayev, the overall investment of South Korea to Kazakhstan stands at $3.8 billion.
Kazakhstan will replenish its gold reserves by means of buying out gold meant for export.
According to the Company’s Marketing Director, the only economic solution could be more favorable conditions for import of fuel as the domestic production capacities cannot meet the demand for high-octane fuel.
According to Agriculture Minister, the government plans to subsidize grain supplies towards Black and Baltic sea ports “to balance the market”.
According to him, if a ton of meat is fivefold more expensive than a ton of grain (…) it is a viable initiative.
Exports duty on crude remains at $ 40 per ton.