Kazakh Wheat Prices Set for 10% Boost Amid Drought-Stricken Harvest

Kazakhstan's wheat production is expected to plummet by around 30% in 2026 due to extreme heat and drought affecting key agricultural regions.

The estimated crop for this year is a mere 13-13.5 million tons, down from the 19.3 million tons harvested last year.

This decline has sparked concerns about a potential increase in wheat prices by around 10% compared to 2025, as local farmers aim to offset their losses caused by lower yields.