BMI View: We expect the Kazakh grain sector to outperform, especially as Kazakhstan gets more export opportunities to Central Asia and China. We see limited growth for the livestock and dairy sectors, as export potential for both industries will remain limited. Only domestic demand, which we expect to be strong, could partially encourage domestic production. That said, cheap imports from Russia could put local growers at a disadvantage. We have not identified any major public company operating in the sector that we would highlight. Key Forecasts ? Wheat production to 2016/17: -18.6% to 18.5mn tonnes. Efforts to diversify into oilseeds …
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