Kazakhstan plans to launch six major deep grain-processing projects by 2029, with a combined capacity of 5.8 million tonnes of raw material a year. Agriculture Minister Aidarbek Saparov announced the plan at a government meeting.
The country currently has three deep grain-processing plants, with total capacity of 510,000 tonnes of raw material a year. The new projects are expected to produce starch, gluten, bioethanol, amino acids and other products.
The first projects are already under way. This year, the Kazkrakhmal plant opened in Turkistan Region, while a project by Fufeng Group was launched in Zhambyl Region. Work is also being done to secure raw materials, develop infrastructure and bring the facilities to full capacity.
The government plans to combine budget and commercial funding to provide farmers with long-term concessional financing. Baiterek Holding is to continue raising extra-budgetary funds through a coupon subsidy mechanism and channel them into loans for the agro-industrial sector.
This year, 270 billion tenge has been allocated for long-term loans through Baiterek, of which 64.2 billion tenge has been directed to livestock purchases. The minister said 84 billion tenge in budget loans should be allocated through the Agrarian Credit Corporation to support livestock farming.
A further 35 billion tenge is needed in 2026 for investment projects through the Development Bank of Kazakhstan. The government also proposes 50 billion tenge in budget lending to KazAgroFinance this year for concessional leasing of agricultural machinery, plus an additional 37.5 billion tenge. The latter would help attract 200 billion tenge for machinery leasing in 2027.
