Kazakhstan’s Southern region stabilizes food prices

Business Materials 26 December 2017 15:59 (UTC +04:00)

Baku, Azerbaijan, Dec. 26

By Ali Mustafayev – Trend:

The executive body of Kazakhstan’s Zhambyl region works on stabilization of prices for food and non-food products.

The main reason of the increase of prices on products in local market is the import of vegetables and fruits, according to the regional authorities, the press service of the executive body of the region said in a message.

"The prices on buckwheat and cereals may increase because it is an imported commodity, but it can’t be justified if price increase touches upon our local products. It is necessary to take into account the average level of citizens and stabilize prices on socially significant products," said the head of the Zhambyl region, Karim Kokrekbaev at a meeting of the regional administration.

In 2017 the areas occupied by vegetable crops have grown significantly as part of the diversification of agricultural crops, according to the head of the regional agricultural administration Nurzhan Nurzhigitov.

Zhambyl agrarians grow cabbage, onions, carrots, potatoes and sugar beet 28.200 hectares of land. They harvested more than 100 tons of tomatoes, more than a 1,000 tons of cucumbers and 130 tons of other vegetables within half a year.

As for the stabilization fund of the region, the volume of supplies by the fund to the regional markets is estimated at 700 million tenge ($2.1 million), but at the same time it is not possible to fully provide outlets with cheap products.

The regional agricultural department is instructed to keep prices for 33 types of socially significant products stable.

In 2017 the regional prices on housing and utilities services increased by 9.1 percent, healthcare - 6.8 percent, paid transportation services - 11.7 percent, recreation and culture - 4.6 percent.