Area
Kazakhstan
Commodity Group
Grains
Commodity
All
Date
01/02/2017
Policy Category
Consumption and marketing
Policy Instrument
Government procurement
Description
Launched the forward procurement campaign for 2017 crops, including wheat, maize, millet, rye and soybeans, among others. Under the campaign, the FCC, the national body managing the state grain reserves, authorizes forward procurement purchases from farmers at set prices to support spring season planting activities starting in May 2017. Conditions to access the advance payments include guarantees from producers' credit institutions, and a 5 percent commission on the advance amount and delivery of the crop by 1 December 2017 at the latest.
