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January – August foreign trade turnover announced

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.

January – August foreign trade turnover announced
Agriculture Minister Assylzhan Mamytbekov. ©Aizhan Tugelbayeva
Agriculture Minister Assylzhan Mamytbekov against a single exporter of grain to global markets

According to him, “it’s far better for the market to regulate the situation”.

Agriculture Minister Assylzhan Mamytbekov against a single exporter of grain to global markets
Deputy Madinov disapproves selling Kazakh grain to southern neighbors cheap
Deputy Madinov disapproves selling Kazakh grain to southern neighbors cheap

Around 5 million tons of Kazakhstan's grain are exported to southern neighbors and Afghanistan: MP.

Deputy Madinov disapproves selling Kazakh grain to southern neighbors cheap
Tengrinews.kz stock photo
Grain harvest (net weight) estimated at 22-23 million tons: Agriculture Minister

Starting from November Kazakhstan will boost grain exports to 1-1.2 million tons a month.

Grain harvest (net weight) estimated at 22-23 million tons: Agriculture Minister
JV with RusAgroTrans of Russia to export grain to be launched by the end of the year

Besides, KazakhstanTemirZholy National Railways Operator has signed agreements with other companies to rent a total of 5 500 grain railway cars.

JV with RusAgroTrans of Russia to export grain to be launched by the end of the year
Tengrinews.kz stock photo
Kazakhstan plans to export over 10 million tons of grain: Agriculture Minister

According to him, contracts have been signed for exports of 1.3 million tons of grain. Only 300 tons have been supplied so far.

Kazakhstan plans to export over 10 million tons of grain: Agriculture Minister
Agriculture Minister Assylzhan Mamytbekov. flickr.com
Kazakhstan won’t be exporting grain to Iran

In 2010 Iran introduced ban on imports of 20 agricultural produce items, including wheat and rice.

Kazakhstan won’t be exporting grain to Iran
Tengrinews.kz stock photo
Unprecedented grain harvest since 1950

According to Agriculture Minister, 75% of grain has been already harvested.

Unprecedented grain harvest since 1950
Kazakhstan’s Government raises export duty on petroleum products

The new export duty rate comes into effect September 27.

Kazakhstan’s Government raises export duty on petroleum products
Kairat Kelimbetov. By Yaroslav Radlovsky ©
Kazakhstan raises estimate 2011 exports

According to Kazakhstan’s Ministry of Economy Development and Trade, the growth is propelled by higher prices for major exports.

Kazakhstan raises estimate 2011 exports
Photo courtesy of deswal.ru
National Bank to exercise preemptive right to buy out all produced gold for 2-3 years to come

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.

National Bank to exercise preemptive right to buy out all produced gold for 2-3 years to come
Finance Minister Bolat Zhamishev. ©flickr.com/photos/karimmassimov
Kazakhstan Government has no plans to raise export duty on crude: Finance Minister

According to him, the issue of raising export duty on oil is not considered in the draft three-year budget.

Kazakhstan Government has no plans to raise export duty on crude: Finance Minister
©RIA Novosti
India mulls exporting nuclear reactors to Kazakhstan

Indian and Kazakh governments are negotiating export of nuclear reactors.

India mulls exporting nuclear reactors to Kazakhstan
Tengrinews.kz stock photo
Kazakhstan mulls exporting 3 million tons of grain to China in 2011

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.

Kazakhstan mulls exporting 3 million tons of grain to China in 2011
Kazakhstan and South Korea plan to bring up the trade turnover up to $900 million

According to President Nazarbayev, the overall investment of South Korea to Kazakhstan stands at $3.8 billion.

Kazakhstan and South Korea plan to bring up the trade turnover up to $900 million
Kazakhstan to buy out export gold
Kazakhstan to buy out export gold

Kazakhstan will replenish its gold reserves by means of buying out gold meant for export.

Kazakhstan to buy out export gold
Helios fuel station. Photo courtesy of paritet-pm.org
Without coordination of prices with Russia Kazakhstan won’t tackle fuel shortages: Helios

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.

Without coordination of prices with Russia Kazakhstan won’t tackle fuel shortages: Helios
Agriculture Minister Assylzhan Mamytbekov. flickr.com
Grain exports potential stands at over 10 million tons

According to Agriculture Minister, the government plans to subsidize grain supplies towards Black and Baltic sea ports “to balance the market”.

Grain exports potential stands at over 10 million tons
Nursultan Nazarbayev. ©Bolat Otarbayev
Kazakhstan to export 60 000 tons of bovine meat a year by 2015: President Nazarbayev

According to him, if a ton of meat is fivefold more expensive than a ton of grain (…) it is a viable initiative.

Kazakhstan to export 60 000 tons of bovine meat a year by 2015: President Nazarbayev
Kazakhstan’s Government sets higher export duty on petroleum products

Exports duty on crude remains at $ 40 per ton.

Kazakhstan’s Government sets higher export duty on petroleum products