Kazakhstan has imposed a six-month suspension on potato exports to countries outside the Eurasian Economic Union (EAEU), including Uzbekistan, in response to a sharp rise in domestic potato prices. The measure, effective from January 16, 2025, aims to stabilize the local market, which has been significantly impacted by increased demand from neighboring countries.
The country’s potato exports surged 1.5 times in 2024, reaching 605,000 tons, compared to 411,000 tons the previous year. A major portion of this increase went to Uzbekistan, contributing to a notable hike in domestic prices. Over the past week, the price of potatoes in Kazakhstan escalated from KZT 170 per kilogram to KZT 270 ($0.32-$0.51), causing concern among local consumers.
In some regions, the impact has been particularly pronounced. In Aktobe, for instance, supermarket prices have doubled since early January, with the cost of a kilogram reaching KZT 388 ($0.73). Even lower-quality potatoes are now fetching higher prices due to increased production and transport costs.
To address this issue, Kazakhstan’s government has decided to curb exports to countries outside the EAEU while ensuring close monitoring of trade with EAEU members. In addition, the issuance of phytosanitary certificates for exports has been suspended to prevent further inflationary pressures. However, domestic supplies remain sufficient, with more than 850,000 tons of potatoes in reserve as of January 19, 2025, ensuring that local demand can be met until the next harvest.
Kazakhstan’s 2024 potato harvest totaled 2.9 million tons, with 56,000 tons imported and 620,000 tons exported between August and December. The government has indicated that the 2024 harvest, along with the current reserves, will fulfill domestic consumption needs, which are projected at 675,000 tons from January to April 2025.
In addition to limiting exports, Kazakhstan’s Ministry of Trade and Integration, in collaboration with the antimonopoly agency, is closely monitoring the market for any signs of price manipulation. Authorities have warned that they will take action against any individuals or businesses involved in speculative trading practices. The government’s primary goal is to prevent unnecessary price hikes and ensure that potato prices remain stable for consumers throughout the country.
