Prices for buckwheat and sugar decreased in five regions of Kazakhstan

Published Dec 22, 2023

Tridge summary

The Financial Monitoring Agency in Kazakhstan successfully reduced product prices in five regions by eliminating unproductive intermediaries and revising purchasing prices. In Kostanay, the price of buckwheat decreased by 25%, in North Kazakhstan by 40%, and in East Kazakhstan, the cost of buckwheat and sugar in educational institutions decreased by an average of 30%. In Akmola and Kyzylorda, two wholesale suppliers were held accountable for exceeding trade margins, leading to an overall reduction in prices by almost 15%.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

After eliminating unproductive intermediaries and revising purchasing prices, the Financial Monitoring Agency managed to reduce product prices According to information, in five regions of the country, prices for essential goods included in the social basket have significantly decreased, reports the Agency of the Republic of Kazakhstan for Financial Monitoring of the Republic of Kazakhstan. Thus, in Kostanay, the price of buckwheat decreased by 25% (from 340 to 260 tenge) after eliminating an unproductive intermediary from the supply chain. In the North Kazakhstan region, a similar strategy implemented in a supermarket chain led to a reduction in the price of buckwheat by 40% (from 2374 tenge for a 3 kg package to 1450 tenge). In the East Kazakhstan region, the territorial department of the AFM took the initiative to review purchase prices for buckwheat and sugar in educational institutions for the coming year. On average, the cost of ...
Source: Agrosektor

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