The Aktobe Meat Cluster and AkTep meat processing complex shipped Aug. 13 their first batch of more than 20 tonnes of vacuum-packed frozen boneless beef worth 2.13 billion tenge (US$5.5 million) to China, reports the press service of the Kazakh Ministry of Agriculture.
Aktobe Meat Cluster has an agreement on meat supply with Alashankou Fuchsin Trade, CITIC and Shenzhen Wei Jia International Trade. The company hopes to increase exports to 4,000 tonnes by the end of 2019.
Aktobe Meat Cluster is an export-oriented meat processing plant specialising in high-quality beef. The enterprise is the final facility in the production cycle of the meat cluster and provides services in the meat processing industry, having an exclusive supply agreement with AkTep, which has its own feeding base.
The Agrarian Credit Corporation (ACC) financed the breeding farm-reproducer and purchase of the meat breeds cattle with a loan of 9.3 billion tenge (US$24.01 million). ACC also funded the purchase of livestock to fill the feedlots.
Rural cooperatives with experience in cattle maintenance will be able to get the AkTep acquired cattle for leasing. On average, one cooperative consisting of five small farms should get approximately 1,000 cattle.
This will create pedigree farms in the region that will supply high-quality beef cattle to the feedlot and meat processing plant year-round without capital investments from AkTep.
AkTep has been ACC’s client for three years. During this period, the credit corporation financed the purchase of more than 13,000 breeding stock. This year alone, the company purchased more than 5,000 heads of pedigree cattle from Australia, the United States and Russia. The project is expected to increase the breeding stock of beef cattle in the Aktobe and West Kazakhstan regions.
ACC implements the state policy on the affordable lending system formation that should stimulate the development of competitive entrepreneurship in the countryside. The corporation is a part of KazAgro Holding. It has 16 branches across Kazakhstan and one representative office. The loan portfolio of the corporation is 372 billion tenge (US$960.34 million).
Published by “Astana Times”
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