1.8 billion tenge has been allocated for the "revolving scheme" to curb the growth of prices for NWPT in Pavlodar 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.

According to the Pavlodar region, 1.8 billion tenge has been allocated for the "revolving scheme".

Within the framework of the "revolving scheme", 1.8 billion tenge is provided for the provision of loans, of which 632 million tenge was issued to 7 enterprises for the sale of 13 items of goods at prices not exceeding the threshold rate.

A memorandum was also signed with 33 agricultural producers of the region on laying 30 thousand tons of potatoes and 6 thousand tons of carrots for sale in the winter-spring period at a fixed price (95 tenge/kg).

Memoranda of mutual cooperation have been concluded with
four large retail chains of the region (Small, Greenwich, Inmart, Leader), within which the networks sell potatoes and carrots at prices from 115 to 135 tenge (115 - without VAT, 125 - with VAT, 135 - with VAT and delivery costs).

In addition, memoranda have been signed with three greenhouse complexes for the sale of cucumbers and tomatoes at a fixed price. Thanks to the agreements reached, potatoes and carrots can be bought at 125 tenge per kilogram in "Small", "Greenwich", "Inmart" stores, cucumbers at 995 tenge, tomatoes at 765 tenge, potatoes and carrots are sold at 115 tenge in "social" stores.

Within the framework of the memoranda, four large retail chains of the region (Small, Greenwich, Inmart, Leader) sell NWPT with a margin of no more than 15%, the products of the stabilization fund - with a margin of no more than 10%.

A memorandum was signed with 7 dairy enterprises (Pavlodarmoloko LLP, Molkom Pavlodar LLP, Sut JSC, etc.) and 11 dairy farms on restraining prices for dairy products.