The Ministry of Trade is developing new approaches to stabilizing food prices

At a Government meeting chaired by Prime Minister of Kazakhstan Alikhan Smailov, measures to implement the Message of the Head of State K. Tokayev "New Kazakhstan: the path of renewal and modernization" were considered.

The First Vice-Minister of Trade and Integration of the Republic of Kazakhstan Yerlan Battakov made a report. So, according to him, at the moment, measures are being taken at the republican and regional levels in order to stabilize prices for socially important food products.

The country has 1.3 million tons of food supplies, which is sufficient to meet the needs of the population. In addition, in order to prevent unjustified price increases and speculation, republican and local executive bodies conduct constant checks for compliance with the trade surcharge by trade entities.

"It was decided to increase the financing of the purchase under the "revolving scheme" from 54.6 to 100 billion tenge. And taking into account the stabilization funds, the total amount of financing for the purchase of socially significant food products will be brought to 140 billion tenge," Yerlan Battakov said.

In order to improve the price stabilization tools, the Ministry is developing new approaches. It is proposed to purchase food in the context of goods in three directions with an increase in the volume of purchases of socially significant food products.

First. Long-term storage goods (rice, sugar, salt and buckwheat) are proposed to be purchased in stable funds, both through direct and forward purchase.

Second. The purchase under the "turnaround scheme" will be carried out for vegetables, meat, dairy products and sunflower oil.

The third. To reduce the cost of production of flour, bread and horns, it is proposed to purchase wheat through JSC "Food Corporation". It is also proposed to attract this institute for the purchase of grain for fodder purposes and sunflower seeds. "The above-mentioned approaches will make it possible to provide the population with products in sufficient volumes and at an affordable price," he said.

Source: https://primeminister.kz/ru/news/mintorgovli-razrabatyvaet-novye-podhody-k-stabilizacii-cen-na-prodovolstvie-1824512

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