BMI View: The general outlook for the agricultural sector remains positive and we expect growth to bedriven by a number of factors. The interest of foreign investors in the Kazakhstan livestock industrysupports our view that this is the sub-sector with most growth potential. Poultry production in particular isexpected to perform well over the next five years. The development of the livestock industry ties into anotherkey trend we expect to take hold over our forecast period: the diversification of arable production awayfrom the bedrock commodity - wheat. The dairy industry is growing from a weaker base than that enjoyedby meat producers, so we expect state-funded schemes to play a more significant role in its medium-termdevelopment and modernisation.