Experts of the International Grains Council (IGC) updated its forecast of grain crops production in Kazakhstan in 2017/18 MY to 17.5 mln tonnes, a decrease of 1.9 mln tonnes, compared with the previous season.
Also, the IGC kept the forecast of grain exports in a new season at 7.9 mln tonnes, against 8.2 mln tonnes in 2016/17 MY.
According to the announcement, the beginning stocks of grains will reach 3.7 mln tonnes, down 0.2 mln tonnes compared with the June report. Also, the ending stocks will somewhat reduce, and total 3.3 mln tonnes.
Therefore, in 2017/18 MY the total supply in Kazakhstan will reach 21.3 mln tonnes, down 0.2 mln tonnes compared with the June report.