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Associated Press

Kazakhstan works to avoid new grain export ban

The Associated Press09.23.2008
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Kazakhstan's government on Tuesday approved measures it says will avoid a repeat of the grain export ban it imposed earlier this year.

A draft bill approved by the Cabinet Tuesday allows for duties to be levied on producers and exporters, increased state subsidies for the industry and stronger oversight powers for the government.

Agriculture Minister Akylbek Kurishbayev says the measures will stabilize domestic grain prices and ensure reliable data on the size of grain reserves.

Kazakhstan halted all wheat exports in April in an effort to lower domestic consumer prices for the commodity. The ban was lifted Sept. 1.

The draft bill will be submitted to parliament for approval.

Kazakhstan is the world's fifth-largest grain exporter after the United States, Canada, Russia and Argentina.

Copyright 2008 The Industry Standard. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. AP contributed to this report.

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