Kazakh Zerno - News and analysis of cereals

Kazakh Zerno - News and analysis of cereals
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In North Kazakhstan wheat fell sharply in price PDF Print E-mail
Friday, 01 March 2013 19:33

Новость на Казах-зерно:In North Kazakhstan the price of wheat has fallen sharply. However, no active movements are registered in the grain market. Buyers are afraid to be out-of-pocket costs, because such a steep decline may continue, says the correspondent of the IA "Kazakh-Zerno".

Forwarding agents of grain companies at a loss. Wheat of 3 class offered by them at 41-42 thousand tenge cannot find its buyer.

"In the whole area is dead calm. Buyers are afraid, because prices may continue to fall down. When it will reach 38, they will think", explained the forwarder of one of North Kazakhstan grain companies.

Just a few days ago, traders forecasted a decline in wheat prices, "Russia has finished purchasing, and now the price will creep down, and now only 45 thousand tenge per ton - is absolutely no-go price", said in LLC Dikanshi.




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