The Ministry of Trade and Integration of Kazakhstan has recently launched a program of commodity interventions to stabilize vegetable prices in many regions of the country. This program provides for the sale of vegetables from stabilization funds at the disposal of the government in retail facilities at reduced prices. This is reported by Bizmedia.kz with reference to the MTI press service.
The release of vegetables from the formed reserves is part of a broader strategy to stabilize prices and helps protect consumers from price inflation scenarios.
Currently, about 38 thousand tons of onions are stored in various farms in Zhambyl region. It was sold to 40 retail facilities at a price of 115 tenge per kilogram, stores sell onions at 128 tenge per kilogram.
The Ministry of Agriculture recently issued a statement on the availability of onions in the country, assuring that the available stocks are more than enough to meet domestic demand.
In accordance with the instructions of the Prime Minister, measures are being taken to ensure a sufficient supply of onions throughout the country. To fulfill this task, the SEC decided to sell stocks from its Stabilization Fund and conduct commodity interventions.
In January, the interdepartmental commission on foreign trade policy and participation in economic organizations of Kazakhstan decided to suspend onion exports for three months. This was done in order to exclude the possibility of large-scale exports from the country and to stabilize onion prices, which have become unstable due to high demand.