Kyrgyzstan fixes and lowers prices for tin bread, sugar, first grade flour and vegetable oil

Published 2021년 3월 11일

Tridge summary

Kyrgyzstan has implemented a Pricing Agreement to reduce the prices of several basic food products for the next three months. Suppliers, importers, and local manufacturers will supply these products to retail chains without profit, and retailers will sell them to the public without extra charges. The agreement includes tin bread, sugar, oil, and domestic flour, and applies to large retail chains, excluding markets and small stores. Producers will supply 200 tons of sugar per month at a fixed price, and a 5% margin will be maintained for delivery and unloading.

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Original content

The agreement is designed for three months In Kyrgyzstan, prices for several basic food products have been fixed and reduced. In the presence of representatives of the Ministry of Economy and Finance, suppliers, manufacturers and heads of retail chains signed a Pricing Agreement, according to the website sputnik.kg. As the president of the Association of Suppliers Gulnara Uskenbaeva said, during this period, suppliers, importers and local manufacturers will supply these products to retail chains without profit, and the latter will sell them to the population also without extra charges. “The price of 16 soms was clearly fixed for tin bread. For sugar - the selling price of suppliers is 54 soms per kilogram, plus the minimum mark-up of retail chains. We completely remove all margins on oil, but this is an imported product, and we cannot assure that Russian and Kazakh suppliers will not raise prices. The authorities promised to negotiate with Kazakhstan and Russia through the EEC so ...

Source: Agrosektor