Ministry of trade: the rate of growth in food prices is declining

As the Vice-Minister of trade and integration A. Askaruly told at a briefing in the Central communications Service, "the arrival of a new crop, a reduction in demand for dairy and meat products in favor of fruits and vegetables, the introduction of a number of bans on food export have affected the decline in price growth."

"Effective tools for price restraint, along with setting maximum prices during a state of emergency, are the" revolving scheme"," formation of stabilization funds", thoughtful logistics and digitalization of the supply chain, " Askaruly said.

He said that since the beginning of the year, 17.42 billion tenge has been allocated from local budgets to Finance preferential loans of the "revolving scheme" to retail chains with the latter's obligation to restrain prices for socially important food products.

Social and business corporations have already formed 35 thousand tons of food products to the stabilization funds, and also signed forward contracts for the supply of almost 7 thousand tons of food products to the stabilization funds.

In order to develop effective trade logistics, which is aimed at solving existing imbalances in food security and reducing the final price of food products, the Ministry of trade initiated the creation of a national commodity distribution system.