Kazakhstan: Grain and Feed Annual
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A larger than average crop this year caused Kazakhstan to introduce export subsidies for shipping wheat to Europe and other Central Asian countries effective through September 1, 2025. Due to surpluses, low prices have impacted farm profitability and resulted in large government financial support for planting this spring. Looking forward, poor winter precipitation and insufficient snowpack pose significant risks to lower yields for the MY 2025/2026 wheat and barley crop. To add to these headwinds, despite positive steps towards calming bilateral agricultural trade tensions, Russia remains shut to almost all Kazakh grain transit.