06.05.2025, 15:13
Grain and Oilseed Market: What to Sell and What to Hold — Expert Recommendations
Wheat (3rd class, 23% gluten) and barley are rising in price — +2 and +1 tenge/kg respectively
Experts from the Research Bureau "Grain and Oilseeds. Kazakhstan" have reported recent price changes in the grain and oilseed market of the country.
The price of third-class wheat with up to 23% gluten rose by 2 tenge per kilogram. Barley of the second class also went up by 1 tenge. For both crops, analysts recommend holding back sales as further price growth is possible.
Prices for other wheat categories remained unchanged. For lower gluten levels — up to 25%, 20%, and 17% — farmers are advised to sell as needed. Durum wheat, especially with 14% protein, is recommended for sale due to limited growth prospects, while current prices remain relatively favorable.
In the oilseed market, flax has shown a notable increase — an immediate jump of 30 tenge per kilogram. Analysts associate this with a temporary spike in demand and suggest postponing sales for now. Prices for sunflower, soybeans, and rapeseed remained stable, with the previous recommendation unchanged: sell as needed. Safflower is an exception — experts advise selling it now, as no new drivers for growth are expected.
Prices for peas, mustard, and lentils also remained stable. Despite high current levels, particularly for large green lentils, experts see no urgent reason to sell — it may be worth waiting for a better opportunity.
Overall, the market sentiment is moderately restrained: some crops have growth potential, but analysts do not recommend rushing into bulk sales. Key crops to watch — flax, third-class wheat (23% gluten), and barley.
Key takeaways:
• Wheat (3rd class, 23% gluten) and barley are rising in price — +2 and +1 tenge/kg respectively.
• Flax rose by 30 tenge/kg. A wait-and-see strategy is advised.
• Safflower and durum — sell now. No further price increases expected.
