Kazakhstan’s food market: Conditions, problems and suggested solutions

Abstract

The paper presents the results of the authors’ theoretical and empirical research regarding the status of industries that form the food market, firstly agriculture as the main source of food products and raw materials for processing enterprises. Close attention is given to the analysis of the current situation of the foodstuff market, the need for AIC modernization is justified. The factors which impact the development of industry are considered, the analysis of the ratio of export, import and Kazakhstan’s scope of essential food products was carried out. A market is a complex phenomenon with a hierarchical structure which changes in compliance with the current economic laws and situation. By its economic nature, a market is a self-regulating system of socio-economical processes whereby goods and services are produced, exchanged and sold. The economic importance of the food market is enhanced by its social significance which defines the priority of its support and management both at macro and micro-scale levels.