The Prime Minister of Kazakhstan

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High price of grain to ensure credit recovery - Makhazhanov

28 October 2014, 19:30

Concerns on default of budget credits are causeless due to Agriculture Ministry’s measures on increasing grain cost, Deputy Chairman of the Board of JSC “Kazagro” Dauren Makhazhanov has said today at a briefing.

“There is no concern on default of credits, KazAgro and Agriculture Ministry tried to prevent it by increasing the grain cost,” Makhazhanov stated.

According to him, 13 billion tenge was allocated through Prodcorporation. 3 billion of them was returned by subjects of agriculture sector.

“The price this year is high enough. In order to pay credits, 6 thousand per ha, it is sufficient to harvest and sell 25% of planted ares,” Deputy Head of the Board noted.

“Now we ask “Kazagro”, the Government and Agriculture to consider the prolongation of the credits. Regular order is the submission of confirming documents by agriculture producers: forms SK-29, report on seeding, requests from “KazGydromet”,” Deputy Chairman Rakhim Oshakbayev said earlier.