Kazakhstan’s gross agricultural output reached KZT 1.6 trillion ($3.4 bn) in 1H24, driven by a 3.5% increase in livestock farming and a 3% rise in crop production. The state has supported the agricultural industry with preferential financing, subsidies, and other measures to enhance the competitiveness of agricultural products in both domestic and international markets.

Livestock production showed significant growth, with meat production in live weight increasing by 4.1% to 878,700 tons. Milk production rose by 4.8%, totalling 1.7 mn tons, and the production of chicken eggs increased by 0.3% to 2.1 bn pieces. There were also notable increases in the production of cheese and cottage cheese by 16.8%, processed rice by 11%, vegetable oil by 9.3%, and fermented milk products by 5.6%.

The gross output of crop production amounted to KZT 72 bn ($151.8mn), marking a 3% increase from the previous year. Early vegetable and grain crop production were significant contributors to this growth. Investments in fixed capital for food production rose by 5.4%, reaching KZT 68.7bn ($144.8mn) compared to the same period last year. The total lending volume for spring field and harvesting work increased to KZT 580bn ($1.2bn) for the first time.

The quality of seeds used in crop production has improved, with the percentage of elite varieties increasing to 9%, up by 1.9% from 2023. The government has approved a comprehensive plan for the development of processing until 2028, aiming to increase the share of processed products to 70% of the produced raw materials. The plan includes an allocation of KZT 372 bn ($784.3mn) for its implementation.