The growth of the Russian ruble will affect the cost of flour in Kyrgyzstan

Published Oct 31, 2023

Tridge summary

Prices for bread and flour products in Kyrgyzstan have increased by 5.2% since December last year, along with the prices for imported goods. The volume of imported bread and flour products in the country has decreased by 70.4% compared to last year, while the cost of one ton of product has increased 2.1 times. The main factors influencing the cost of flour are the difference between the ruble and the som, as well as world prices for wheat.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to the National Statistical Committee, since December last year, prices for bread and flour products in Kyrgyzstan have increased by 5.2%. Prices for imported goods have also increased, Akchabar reports. For 8 months of this year. Kyrgyzstan imported almost 22 thousand tons of bread and flour products worth $28.1 million. Compared to last year, the volume of supplies decreased by 70.4%. At the same time, the cost of one ton of product increased 2.1 times - up to $1,200. According to the head of the Association of Flour Mills of Kyrgyzstan, Rustam Dzhunushev, since December last year, flour prices in the country have not risen steadily. “We work under an agreement with our cabinet of ministers, we have our own obligations there, for the fulfillment of which we were given tax preferences, so we work according to this agreement. From December last year to September, prices were stable; there was a jump in prices for Kazakh flour and flatbreads, which are made from ...
Source: Zol

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