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USDA forecast for wheat production in Kazakhstan was increased by 5.7%

USDA forecast for wheat production in Kazakhstan was increased by 5.7%

USDA forecast for wheat production in Kazakhstan was increased by 5.7%

In the reports of the US Department of Agriculture it is said that the forecast for the production of wheat in the Republic of Kazakhstan is increased by 5.7% in 2017/18 marketing year. Now, according to the new forecast, in the Republic of Kazakhstan 14.8 million tons of wheat will be produced.

In addition, the US Department of Agriculture reports that export and imports volumes remained the same. So, it is planned to export 7.5 million tons of wheat, and 50.000 tons of this crop will be imported.

It should be recalled that according to preliminary information, the grain harvest of the last year reached a level of 20.6 million tons.