News and analysis from Kazakhstan - Mar 19th 2010
agriculture
Moody’s downgrades Food Contract Corporation
(Moody’s) - Moody’s Investors Service has today downgraded to Ba1 from Baa3 the senior unsecured issuer rating of JSC National Company Food Contract Corporation (FCC).
Kazakhstan considering import taxes on food products
(SRI) - Kazakhstan may increase import taxes on food products which are produced in Kazakhstan, the Agriculture Minister said last week.
Kazakhstan’s Wheat Dilemma
Last Monday, Akhmetzhan Yesimov, Kazakhstan’s Minister of Agriculture, announced that the government planned to limit wheat exports as it battled rising domestic inflation. This announcement led to record prices on global commodity markets as investors worried that supplies of the grain may not be enough to meet demand.
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