Towards enhancing grain market transparency in Kazakhstan
FAO and the EBRD are working to increase the efficiency of wheat sector in the country
Two leading international organisations are planning to unveil an agricultural information system for Kazakhstan, adding to the transparency of an increasingly important sector in the country's economy.
The Investment Centre of FAO in collaboration with the trade and markets division and the European Bank for Reconstruction and Development (EBRD) will present how a G-20 Agriculture Market Information System (AMIS) works in the three cities of Astana, Kostanay and Almaty between 14 and 17 June. The programme is part of a joint technical assistance project: “Enhancing grain market transparency in Kazakhstan – for informed market prospects and investment decision-making.”
The two institutions are working to create a better environment for investment in the Kazakh grain sector where uncertainty and grain market volatility are key market factors.
“The roadshow will allow grain producers, suppliers, processors and exporters of Kazakhstan to learn about AMIS, as well as receive valuable information on global grain production, consumption and trade estimates in 2016-17”, said Azamat Shamsiev, Principal Banker, Agribusiness team in the Industry, Commerce and Agribusiness group of EBRD.
Discussion during the presentation will also touch on existing impediments to the development of an efficient and inclusive sector in Kazakhstan and how the situation can be improved.
“The active participation of Kazakhstan in AMIS would work towards the improvement of the global grain market transparency and the creation of a better environment for investment in the key sector of Kazakh economy”, said Branko Bulatovic, Head of the FAO Partnership and Liaison Office in Kazakhstan.
Kazakhstan is the 8th largest exporter of wheat in the world. Accounting for 4-5 per cent of worldwide wheat exports, the country plays an important role in assuring global food security.
In 2015, the country exported 6.5 million tons of wheat and annual revenues from grain export range between USD 1.3 and USD 1.8 billion.
Food security is a key focus for the EBRD as part of its wider strategy of driving forward the reform process in its regions with a strategy guided by three overriding priorities: strengthening resilience, promoting integration, and addressing global and regional challenges.
Awareness on AMIS advantages and prospective would support wheat producers, traders, exporters, investors and the Government to contribute into process of grain market transparency in Kazakhstan and enhance constructive partnership through information sharing and dialogue.
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The EBRD is a multilateral bank committed to the development of market-oriented economies and the promotion of private and entrepreneurial initiative in more than 30 countries from Morocco to Mongolia and from Estonia to Egypt. The Bank is owned by 65 countries, the EU and the EIB. Follow us on the web, Facebook, Instagram, Twitter and YouTube.
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FAO leads international efforts to defeat hunger. It helps countries to modernize and improve agriculture, forestry and fisheries practices and ensure good nutrition for all. FAO focuses special attention on developing rural areas, home to 70 percent of the world's poor and hungry people. For more information visit: www.fao.org or follow FAO on Twitter @FAOnews.
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The AMIS platform was created by G20 countries in 2011 to improve global grain market transparency and encourage coordination of policy action in response to market uncertainty. The Secretariat of AMIS is hosted by FAO. For more information visit: http://www.amis-outlook.org/home/en/
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Kazagromarketing/Tolegen Ussin/14-15 June 2016
Contact: Olga Grebennikova
Communication Consultant for Central Asia
Tel: +996555712699
+996776712699
Email: [email protected]