AreaKazakhstan

Commodity GroupGrains

CommodityWheat

Date01/11/2016

Policy CategoryConsumption and marketing

Policy InstrumentGovernment market intervention

DescriptionApproved a buy-back right for farmers selling their wheat to the national body of the Food Contract Corporation (FCC) in case of an increase in market price. Through this measure, farmers have an option to buy-back their wheat from the FCC, if a price increase occurred during the first quarter of 2017. Requests can be submitted until 15 February 2018.