business and economy
Kazakhstan lifts wheat export ban
(SRI) - On September 1, Kazakhstan lifted government’s ban on wheat export imposed in April, Interfax reported.
A response to rising prices of bread, the ban was intended to ensure the nation’s food stocks and to insulate the domestic market from price increases on world grain markets.
Prime Minister Karim Massimov said earlier that the ban would be lifted only if he was personally convinced that the domestic market would not suffer and all regions have sufficient grain stocks.
“If the grain supply is guaranteed in the republic, we will not impose any type of bans in the future” he said.
Kazakhstan harvested a record high grain crop of 20.1 million tons in 2007, 22% more than in 2006, including 16.6 million tons of wheat (compared to 13.5 million tons in 2006).
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