Kazakhstan and Wheat Prices

Kazakhstan and Wheat Prices

Kazakhstan and Wheat Prices

We have watched a lot of bad news recently happening in Kazakhstan. It all started as a result of an increase in LPG prices by %100 approximately. People said they are fed up with poverty and many people around the world say they are right. Kazakhstan has only 18 Million population and huge natural resources. They have oil, gas, copper, uranium, gold and many more precious metals. But the people of the country are so poor and they can't even bear a small increase in prices. Another important factor of Kazakhstan is Wheat production. Kazakhstan is the 6th biggest producer of Wheat of the world. So any disruption on that production will create a deficit in the market. The country exports more than it produces and this is essential especially for China. Kazakhstan provides a lot of wheat imports of China. Today we have received some good news stating that civil unrest is over in all cities. And they have started to restore order. Let's look at the price chart of Wheat below and you will see the rising prices.

Wheat prices are always important in the world. Let us give you an example. The Arab Spring has started in Tunisia with a man burning himself as he can't even afford to buy bread. So the price of Wheat was over 1000 USD while these incidents happened. There are consequences of each move and if you know the market essentials you can always make money. Gann Market Expertise helps you benefit from these kinds of volatiles. You can invest more than 100+ assets with us.

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