City
Epaper

Kazakhstan limits potato exports to control domestic prices

By IANS | Updated: January 19, 2025 20:50 IST

Almaty, Jan 19 The Kazakh Ministry of Agriculture has decided to impose a six-month ban on potato exports ...

Open in App

Almaty, Jan 19 The Kazakh Ministry of Agriculture has decided to impose a six-month ban on potato exports to non-Eurasian Economic Union (EAEU) countries to stabilise domestic potato prices, a statement published by the ministry said on Sunday.

Due to increased demand from neighbouring countries and high export prices this year, potato exports have surged by 1.5 times, affecting local markets, said the ministry, Xinhua news agency reported.

The ban, which will not apply to trade with EAEU member states, aims to prevent speculative price hikes and ensure market stability, said the ministry, stressing that current potato reserves are sufficient to meet domestic demand until the early 2025 harvest.

As of Sunday, total reserves exceed 850,000 tons, excluding stock held in retail chains. The 2024 harvest was 2.9 million tons.

Kazakhstan is a significant consumer and producer of potatoes in Central Asia, with a longstanding agricultural tradition. The country has a diverse climate and a substantial amount of arable land, leading to a stable domestic potato production industry.

Kazakhstan's potato cultivation benefits from modern agricultural practices, including irrigation systems and mechanized farming techniques.

Farmers typically plant potatoes in the spring, with harvesting occurring in late summer or early autumn. Kazakhstan as one of the leading potato-producing countries in Central Asia, has a diverse range of potato varieties cultivated across the country.

The main potato-growing regions in Kazakhstan include North Kazakhstan, Akmola, Karaganda, and East Kazakhstan, benefiting from favourable soil conditions and adequate irrigation.

Potato production in Kazakhstan is characterised by both large-scale commercial farms and smallholder producers.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

EntertainmentRandeep Hooda talks about his passion for wildlife photography on World Endangered Species Day

BusinessInto the Wild: Yogesh Bhatia's Grit and Glory in the Scorching Heat of Indian Jungles

BusinessHSBC India unveils upgraded rewards programme with 20 transfer partners

EntertainmentAna de Armas confirms multiple projects with Tom Cruise amid romance speculation

BusinessKRN's Wholly Owned Subsidiary Receives Approval Under PLI Scheme & Granted Incentives of Rs 141.72 Cr

Business Realted Stories

BusinessEtihad Airways orders 28 Boeing Aircraft worth USD 14.5 billion during Trump's Gulf Visit

BusinessMadhav Sheth, Founder and CEO of NxtQuantum Shift Technologies

BusinessFY25 Revenue from Operations Reaches Rs. 8,979 Million, an Increase of 6.4 Percent Over the Previous Year

BusinessIndia's Original Gold Loan Specialist - Muthoot FinCorp - Unveils New Three-Film Campaign Featuring Shah Rukh Khan

BusinessHD Hyundai CEO meets USTR Greer to discuss shipbuilding cooperation