Kyrgyzstan: In Bishkek, sellers are persuaded not to raise prices for vegetable oil

Published 2021년 8월 9일

Tridge summary

Kyrgyzstan has introduced price regulation for vegetable oil and sugar due to increases in cost. The State Anti-Monopoly Agency has conducted explanatory work at the Aziz wholesale market in Bishkek, explaining maximum retail mark-ups and the introduction of a zero VAT rate on taxable supplies and imports for these products. The agency has also noted a decrease in the price of a brand of sunflower oil and a decrease in the price of sugar.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

This year, the cost of vegetable oil and granulated sugar has increased, therefore, state regulation of prices has been introduced in Kyrgyzstan. Explanatory work is underway to prevent the rise in prices for sugar and vegetable oil, the press service of the State Anti-Monopoly Agency reports. "Within the framework of state regulation of prices for these products, explanatory work has been carried out at the Aziz wholesale market in Bishkek to prevent unreasonable growth in prices for sugar and vegetable oil," the statement said. Employees of the department, in particular, told the sellers about the established maximum retail mark-ups, as well as the introduction by the Cabinet of Ministers of a zero VAT rate on taxable supplies and taxable imports for granulated sugar ...
Source: Oilworld

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