Dumping by traders led to the suspension of China's purchase of wheat from the Food Corporation

A large corporation specializing in the production and export of grain is actively helping farmers enter international markets. In January of this year, the food corporation reached agreements with a Chinese company on the supply of wheat at an attractive price. However, due to dumping by Kazakh traders who offer lower prices, the partners suspended purchases.

The food corporation has come to the conclusion that it is difficult for small and medium-sized farmers to enter export markets on their own. In this regard, the company decided to buy grain from farmers and export it, as well as look for buyers using its infrastructure and distribution channels. Among the main tools to support farmers are negotiations with foreign government agencies and specialized companies, branding of products, the formation of large quantities and ensuring a stable supply of goods that meet international standards.

Thus, the food corporation is aimed at gradually increasing grain exports, most of which will be supplied by domestic farmers. At the same time, one of the promising markets today is China, which is characterized by a high degree of regulation and not every company has access. The food corporation is ready to provide its opportunities to farmers to enter the Chinese market, which will allow them to maintain fair export prices, establish uniform standards and requirements for grain, and resist dumping by unscrupulous traders.

The corporation noted that in addition to Kazakh participants, foreign traders from importing countries are active in the grain market, who also engage in dumping and receive tax benefits for grain exports. However, the food corporation seeks to use the experience of leading countries, such as Canada and China, and at the stage of formation of the domestic agro-industrial complex, through a specialized organization, regulate trade on market principles. Ultimately, the company will formulate a unified export policy that will benefit all market participants and use export revenues to support farmers through a forward purchasing program.