U.S. Department of Agriculture lowers Kazakhstan's wheat production forecast to 12 mln for 2023-2024

ASTANA. Nov 13 (Interfax) - The U.S. Department of Agriculture has revised down its wheat production forecast for Kazakhstan in the agricultural year July 2023 - June 2024 to 12 million tonnes, according to its November review.

In October, the department forecasted wheat production in Kazakhstan would be 13 million tonnes (15 mln t in September).

The forecast for wheat exports remains at 10 million tonnes (10.5 mln t is September), while imports are expected to remain at 2 million tonnes, consistent with the October estimate.

Carryover grain reserves as of July 1, 2024, were estimated at 1.32 million tonnes, down from 1.5 million tonnes in October(2.6 mln t in September).

Kazakhstan's farmers aimed to harvest approximately 16 million tonnes of grain in 2023. Last year the harvest of grain and leguminous crops was 22 million tonnes.