This year, it is planned to allocate 40 billion tenge from the republican budget for the forward purchase of the Food Corporation. Of this amount, 5 billion tenge will be allocated for a trilateral forward purchase of raw materials for the production of sunflower oil and first-grade rice. This was reported by the press service of the Corporation.
“As part of the tripartite forward, purchase prices for raw materials and selling prices for finished products will be fixed. These measures are aimed at strengthening the agricultural sector and maintaining stability in agriculture,” the company noted.
In 2023, about 80 billion tenge was allocated to carry out forward purchases and issue commodity loans to farmers of the Food Corporation. For the first time, forward support was provided to rice farmers of the Kyzylorda region for the purchase of 6 thousand tons of rice. As noted in the press service, thanks to these programs, a significant number of farmers received support.
The company recalled that the Food Corporation is involved in stabilizing the grain market by supporting market participants. During periods of low prices, the Corporation helps farmers profitably sell their products. And during periods of high prices, it provides support to flour mills, livestock and poultry farms, providing access to grain at lower prices than on the market.
In 2023, to maintain prices for social bread, the Corporation sold 89 thousand tons of wheat to flour millers.
In addition, the Food Corporation stores a state reserve stock of grain in the amount of 500 thousand tons in case of emergencies, incidents or grain shortages. In addition, the Food Corporation stores a fodder fund in the amount of 200 thousand tons, which is provided to livestock and poultry farmers at low and fixed prices during periods of shortages and increased prices for fodder.