What measures are being taken to stabilize prices for NWT in the Zhetysu region

22 Apr 2024

SEC “Zhetisu” is a specialized organization for the implementation of 2 mechanisms for stabilizing prices for socially important food products, including the formation of a food stabilization fund and preferential lending to business entities under the “revolving scheme”.

In 2023-2024, the SEC allocated 5 billion rubles for the implementation of these price stabilization mechanisms. 890 million tenge.

During the specified period, contracts were concluded for the supply of 21 thousand tons of goods in the amount of 6 billion 523 million tenge. A commodity intervention in the amount of 7,904 tons of NWT was carried out.

As of the current date, contracts for 18 items of NWT in the amount of more than 13 thousand tons in the amount of KZT 6 billion are in force under price stabilization mechanisms, and loans have been issued to 4 trading entities in the amount of KZT 65 million.

The stable fund has reserves of 8 NWFP items in the amount of 1 billion 575 million tenge, including 2,151 tons of sugar, 22 tons of grade 1 flour, 679 tons of rice, 575 thousand liters of sunflower oil, 21 tons of horns, 64 tons of buckwheat, 727 tons of potatoes and 162 tons of carrots.

As part of the “turnaround scheme”, there are contracts worth 4 billion 396 million tenge with 17 commodity producers, including the Aksu Sugar Factory, the egg factory of Koger LTD LLP, the poultry farm of the meat direction of Alatau Kus JSC, the bakery of Sardar Export LLP, the dairy of Lyazzat-2016 LLP, 7 farms producing potatoes, carrots and onions, 1 farm producing early vegetables of the Turkestan region, 2 bakeries and 3 feedlots.

Under the current contracts, there are obligations to supply 334 thousand rolls of social bread, 95 tons of flour of the 1st grade, 6,213 tons of sugar, 572 tons of chicken meat, 7 million pieces of eggs of the 1st category, 198 tons of beef meat, 427 tons of dairy products and 986 tons of vegetables, at fixed prices.

The total volume of contracted goods is within 5% of the total consumption of NWT in the region.

To date, continuous commodity intervention of the formed stocks is carried out through 8 social retail outlets of the SEC, retail chains “Small” (for bread), “Magnum” and “Toymart” (for eggs of the 1st category)and also through the shops “at home”.

The supply of social molded bread by Sardar Export LLP is carried out in more than 100 stores “at home” in Taldykorgan and nearby areas, dairy products of Lyazzat-2016 LLP are supplied to more than 49 stores “at home” in Taldykorgan, the supply of eggs of the 1st category is carried out in 10 retail facilities in Taldykorgan and supermarkets Magnum and Toymart.

Also, Sardar Export LLP, as part of the stabilization of prices for social bread, provides the supply of cheaper flour for 22 bakeries in the region.

To date, the SEC has opened 8 social retail outlets, including 4 social stores in Taldykorgan and 1 in Ushtobe, as well as retail outlets in the “communal market”, “social market” and in the trading house “Kokbazar”.

Prices at these outlets for the supplied goods are on average 10-15% lower than market prices. For example, on store shelves today, the cost of eggs of the 1st category is no more than 510 tenge per dozen (according to statistics – 570 tg/des.), sunflower oil 510 tg/l (according to statistics – 636 tg/l.), rice 340 tenge /kg (according to statistics – 502 tg/kg.), potatoes 110 tenge/kg (according to statistics – 165 tenge/kg), onions 30 tenge/kg (according to statistics – 90 tenge/ kg), carrots 140 tenge/kg (according to statistics – 221 tenge/kg), etc.

In order to ensure monitoring and control of prices for supplied goods, the SEC, together with the Department of Trade and the UPIIR of the Zhetisu region, carries out inspections of trade entities for compliance with the permissible trade allowance.

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