# Kazakhstan: FCC raises procurement prices for oilseeds – Business World

> Kazakhstan's Food Contract Corporation raised procurement prices for sunseed, rapeseed and linseed by an average of 6%, while soybean prices were unchanged. The agency had first announced oilseed procurement in October.

- Date: 2016-12-30 · published 2016-12-30T12:00:00.000Z
- Category: policy · region Kazakhstan · magnitude low
- Page: https://feedsoft.ai/events/73580-kazakhstan-fcc-raises-procurement-prices-for-oilseeds-business-world
- Commodities: [Sunflower Meal](https://feedsoft.ai/c/SUNMEAL.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Higher state procurement floors support Kazakh oilseed farmgate prices and planting incentives, which could tighten regional oilseed meal and oil supplies over time.

## Read by commodity

- CANMEAL: neutral
- SUNMEAL: bullish ▲

## Sources

- smiraponitke.com: https://smiraponitke.com/2016/12/30/kazakhstan-fcc-raises-procurement-prices-for-oilseeds.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.