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Kazakhstan to subsidise record grain exports

23 May 2012
ASTANA, May 23 (Reuters) - Kazakhstan will pay nearly toward the cost of every tonne of grain delivered to the Black Sea for the rest of this season to help push exports toward a record 13 million tonnes, the country's agriculture minister told Reuters in an interview. Wary of limited export capacity, Kazakhstan is investing in new elevators, ports and railroads to supply Iran and its Central Asian neighbours, but will also encourage farmers to cultivate more feed grains, maize and oilseeds to avoid an oversupply of wheat in future, Asylzhan Mamytbekov said.

http://www.sharenet.co.za/news/Kazakhstan_to_subsidise_record_grain_exports/015b6c5a0760cdc275bb3b288d4d4558