The Food Contract Corporation has passed to Phase 2 of interventional grain procurement

«Food Contract Corporation» NC» JSC announced the procurement of up to 2 million tons of wheat grade 3 at a price of KZT42 thousand  per ton at the end of December 2017.
The procurement was made through the information system of grain receipts (web-site and within the quota at the rate of 173 kg per 1 hectare of acreage. 
Such quota arrangement was established for a fair determination of grain sales volumes for agricultural producers (AP), depending on their lands’ sizes and actual wheat plantings.
Applications for Phase 1 were accepted until January 25, current year and were planned till February 1.
At the same time, according to the appeals of the oblast akimats, in a number of regions the agrarians have the opportunity to sell grain to the Food Contract Corporation in amounts exceeding the established quotas for one AP.
In this regard, to speed up the support of farmers, the Food Contract Corporation decided to abandon certain conditions for grain procurement.
In particular, the Food Contract Corporation, subject to agreement with “KazAgro Holding” JSC and the Ministry of Agriculture of the Republic of Kazakhstan, has made the following changes in terms and conditions of the grain procurement:
- the term of payment for grain storage services for 3 months is excluded (the amounts spent on the applications paid earlier will be reimbursed);
- quotas for one grain producer and planting areas check with using space images are cancelled;
Responsibility for the reliability of information concerning the wheat-growing area will be imposed on the applicants and the procurement commission affiliated to the oblast akimats.
The main activity of «Food Contract Corporation» National Company» JSC is the development of the export potential of the products of the domestic agro-industrial complex and participation in ensuring food security. The sole share-holder of the company is «National managing holding «KazAgro» JSC.