NUR-SULTAN, KAZAKHSTAN — With forecasts of a bumper harvest, Kazakhstan officials said the nation plans to cancel wheat and flour export quotas next month, Reuters reported, citing Agriculture Minister Yerbol Karashukeyev.
The export limits were introduced in May to keep the domestic market stocked and cool inflation from rising global food prices.
In June, authorities said they would allow the shipment of 550,000 tonnes of wheat and 370,000 tonnes of flour up until Sept. 30.
With harvest estimates of 13 million tonnes, higher than last year’s 11.8 million tonnes, the situation has changed, Karashukeyev said.
The cabinet will discuss this week the agriculture ministry’s proposal to lift quotas.
