Kazakhstan to lift a ban on grain exports
Posted August 17th, 2008 by steve
More stories from: Kazakhstan
Kazakhstan has announced it will lift the ban on grain exports it imposed in April to control domestic food prices. Russia, Kazakhstan and the Ukraine are all expecting increases in production this year, according to an article in the Financial Times.
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Kazakhstan
As one of the top grain producers in the world, Kazakhstan is looking to limit exports on grain as of the end of August '08: http://www.newsweek.com/id/156332
With soaring global food prices, grain has become a strategica resource along with oil. Economist predict that export regulation will lead to more shortages and an increase in food prices.