1.8 billion tenge was allocated for the "revolving scheme" to curb the growth of prices for NWPT in the West Kazakhstan region

One of the effective tools to curb the growth of prices for socially important food products is preferential lending to retail facilities through a "revolving scheme" - the allocation of borrowed funds by akimats for participants of the trading system at a preferential interest.

This allows retail chains to expand the volume of products purchased from local manufacturers, including through the conclusion of forward contracts, and manufacturers to fix the selling price for their goods.

By receiving preferential loans, retail chains assume counter obligations to curb prices for certain volumes of certain types of products.

As a result, these goods are sold at prices below market prices by an average of 15-20%. The situation is similar with manufacturers who, in exchange for a preferential facilitated loan, undertake to supply a certain volume of products at a reduced fixed cost.

Recall that such a scheme provides working capital for manufacturers and for networks, allows them to build medium- and long-term price balancing programs. Thus, the cost of socially significant food products is fixed at the time of conclusion of the contract. This avoids significant seasonal price fluctuations.

1.8 billion tenge has been allocated for the "revolving scheme" in the West Kazakhstan region. To date, in the region, the price of bread made from flour of the 1st grade is 80 tenge per loaf. Additionally, it is planned to provide loans to stabilize the prices of buckwheat, rice, horns, salt and white sugar.

In addition, 550 million tenge is planned to be allocated for the formation of a stabilization fund by concluding forward contracts in order to stabilize prices for vegetable products (potatoes - 4000 tons, carrots - 500 tons, cabbage – 500 tons, onions – 400 tons) in the off-season period.