The Minister of Agriculture of Kazakhstan, Yerbol Karashukeyev, has indicated that the Government is making concerted efforts to establish stability in wheat pricing. Necessary measures are being taken to achieve this objective.
For the second year in a row, we have been able to reduce the price of our bread despite the challenge of rising wheat costs. We are committed to stabilizing the cost of wheat",
Yerbol Karashukeyev noted.
The state-owned Food Contract Corporation will announce purchase prices by September 15, according to Yerbol Karashukeyev.
The situation is currently stable for consumers and there are no indications of price increases for flour, bread, or bakery products in the upcoming marketing year",
the minister added.
Earlier, Prime Minister Alikhan Smailov commented on the drought's impact on the harvest in several regions, predicting a lower yield.
To mitigate the impact of the drought, the government will allocate funds from its reserves. Baiterek Holding is tasked with restructuring the debts of agricultural producers affected by the drought. However, the situation is under control, and there is enough harvested crop to ensure that Kazakhstanis will not go without bread",
Prime Minister Alikhan Smailov said in a governmental meeting.
Climate change and water scarcity pose severe challenges for agriculture. A Roadmap must be developed to strengthen the rational use of water resources, and regions should actively introduce water-saving technologies, according to Alikhan Smailov.
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