Translation. Region: Russian Federation –
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
Almaty, March 10 (Xinhua) — Military action in Iran has completely blocked Kazakhstan's barley trade, the Kazakhstan Grain Union announced on Tuesday.
As noted by the union's representative, Evgeny Karabanov, the resumption of trade depends on the duration of military operations and domestic political stability in Iran.
He also reported that, in addition to external factors, activity in the grain market in Kazakhstan remains subdued due to new tax requirements.
"The market is trying to recover from prolonged stagnation caused by new Tax Code requirements regarding value-added tax refunds. Buyers are testing the domestic market with offers, but the number of transactions is low," said E. Karabanov.
He explained that agricultural producers are largely unwilling to lower grain prices, while exporters are unwilling to operate at a loss or break even. As a result, grain shipment rates remain slow.
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