Sugar and buckwheat are becoming cheaper in Kazakhstan

Published Nov 24, 2023

Tridge summary

The price of sugar in Kazakhstan has experienced a significant decline, with a 1% decrease during the week of November 14 to November 21. This marks the largest weekly decline in about a year. The overall trend for the year shows a 16.6% decrease in sugar prices, although this is in comparison to a high base from the previous year when prices had significantly increased.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Sugar fell in price at a record pace over the week and fell sharply in price over the year, the Kazinform agency reports with reference to the DATA HUB Telegram channel. During the week from November 14 to November 21, the cost of granulated sugar decreased by 1%, data from the Bureau of National Statistics ASPIR of the Republic of Kazakhstan shows. There has not been such a strong weekly decline for about a year, since mid-December 2022. Taraz, where sugar prices fell by more than 4% since November 14, made a big contribution to the fall in prices in the Republic of Kazakhstan as a whole. However, in general, not a single city surveyed failed: there was no increase in cost anywhere. Now the dynamics for the year also look good: the price of sugar fell by 16.6%. For products on the list of socially important food products, this is one of the best results: only buckwheat by weight is ahead, which ...

Source: Inform