The Food Contract Corporation, the national body managing the state grain reserves, announced the new procurement prices for 2016 grains on 8 September. The Corporation has announced different purchase price ranges for wheat according to quality. Wheat 3rd grade will be procured at a price ranging from KZT 41 000 (USD 120) to KZT 50 000 (USD 146), while in 2015 it was purchased at KZT 41 000 per tonne. Price for wheat 4th grade will range from KZT 34 000 (USD 99) to KZT 36 000 (USD 105) per tonne, against KZT 31 000 (USD 91) per tonne in 2015, while the price for barley 2nd grade remained unchanged from last year at KZT 25 000 (USD 73). All prices are inclusive of VAT.