Retail chains conclude contracts for the supply of products at fixed prices

On July 26, 2022, Deputy Prime Minister - Minister of Trade and Integration of the Republic of Kazakhstan Bakhyt Sultanov, speaking at the site of the Central Communications Service of the Republic of Kazakhstan under the President of the Republic of Kazakhstan, said that retail chains conclude contracts for the supply of products at fixed prices, which allows the population to buy products at affordable prices.

With the current funding volume of 86.5 billion tenge, the share of influence on the market is 4%. However, even such a small volume shows its effectiveness. As an example, the Karaganda region.

In April of this year, contracts were concluded for the supply of potatoes in the amount of 2,709 tons at fixed prices of 85 tenge at retail, while the commercial price was 175 tenge. As a result, the region has the lowest retail price for potatoes - 135 tenge.

"As we can see now, there is a tendency to lower prices for potatoes, carrots, cabbage, all this is the result of early contracting within the framework of the "turnover scheme".

We intend to provide maximum information to the public and business about the real prices set by market participants. This will guarantee the effective use of funds by retail chains, manufacturers and suppliers," B. Sultanov said.

On behalf of the Head of State, the Ministry also analyzes the balance of production and consumption.