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Kazakhstan

Welcome to the price transmission page for Kazakhstan. This page enables you to look into the country and its crops more specifically to gain an understanding of the level of risk and also, to view its historic warning periods per commodity. Select a time range or a specific date to view the data in more detail.

Kazakhstan

Historic Warnings per Commodity

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Background information

Kazakhstan represents the 9th largest country worldwide and is located both on the Asian and European continent. The country has an abundant wealth in variety and size of natural resources such as fossil fuel or minerals and metals and is consequently highly dependent on international commodity prices. Therefore, the government is aiming at reducing the overreliance on oil by developing a more diversified industry and supporting infrastructure-based sectors next to food processing and pharmaceuticals.

About one-fourth of the total labor force is engaged in the agricultural sector, which contributes to nearly 5% of the total GDP. Cultivating more than two-thirds of the total available land, the main crops are grain (mostly spring wheat and barley), potatoes, vegetables and melons. Livestock complements the agricultural income. Due its sizable agricultural sector Kazakhstan is a net cereals exporter producing as much as 150% of its total internal demand.

The country performs satisfactorily under a socio-economic perspective as substantiated by an upper-middle income per capita and by a low unemployment rate. Accordingly, the country scored 0.788 on the HDI (2014) exhibiting a high level of human development. However, malnutrition is still affecting the population, given that roughly one out of six children at the age of five or below is stunted.