Kazakh may ban wheat export under Russian pressure
MUMBAI (Commodity Online): Kazakhstan expected to succumb to Russian pressure for barring wheat exports outside the Commonwealth of Independent states in order to establish monopoly on their grain supplies.
Industrial analysts are on opinion that even though expected losses on banning export, Kazakh would deviate from its early decision under Russian pressure.
Kazakhstan is expected to export 7.8 million metric tons of wheat in the 2009-2010 year, according to International Grains Council estimates, which would make it the world's sixth biggest exporter.
Russia is likely to turn to Ukraine for lower-quality feed wheat and corn to supply its substantial livestock industry, while Kazakhstan is more likely to provide higher quality wheat for human consumption, the analysts said.