Kazakhstanis explained the rise in food prices

Published 2021년 3월 11일

Tridge summary

Since 2021, prices for socially important food products in Kazakhstan have increased by 2.6% annually and 13.2% overall. The highest price increases were seen in import-dependent products, goods with high export demand, and off-season vegetables. The most significant price growth of 3.3% was recorded in the West Kazakhstan region and in Shymkent. The Ministry of Agriculture and regional executive bodies are called upon to boost production to reduce these price hikes. The price collusion of large egg producers has also been reported by the Agency for the Protection and Development of Competition.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In Kazakhstan, since 2021, prices for socially important food products have increased by 2.6%, in annual terms they have risen in price by 13.2%. Minister of Trade and Integration Bakhyt Sultanov spoke about this at a government meeting. According to him, most of all prices rose for import-dependent products, goods with high export demand, as well as vegetables, which traditionally rise in price in the off-season. “For example, due to the decline in egg production by 8.4%, the rise in the cost of feed and pesticides by 25%, as well as the spread of bird flu, the price of eggs has risen. The rise in prices for sunflower oil and sugar was due to the rise in world prices, the reduction in acreage in neighboring countries and the rise in prices for export products, ”he said. He also added that the maximum growth of 3.3% was recorded in the West Kazakhstan region and in Shymkent. After them, in eight more regions, prices increased above the average level recorded in the country, that ...
Source: Kursiv

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