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Kazakhstan to create its national commodity distribution system to control food prices

Business Materials 20 August 2020 19:20 (UTC +04:00)
Kazakhstan to create its national commodity distribution system to control food prices

BAKU, Azerbaijan, Aug.20

By Nargiz Sadikhova - Trend:

A national commodity distribution system will be created in Kazakhstan, Kazakhstan’s Minister of Trade and Integration Bakhyt Sultanov said, Trend reports citing Central Communications Service under Kazakhstan’s President.

Sultanov made the statement during a press conference held on Aug. 20, 2020.

In his words, the national commodity distribution system is being created as part of the modernization of the trade industry. The system will provide for an integral and effective trade and logistics infrastructure.

Sultanov said that the national commodity distribution system will unite farmers, buyers, transport agents, intermediaries and retailers into a single cluster.

“The system will link them not only technically, but also via informational exchange. In overall, 24 wholesale distribution centers will become the physical representation of the system. Connected by a single digital system, they will optimize the supply chain of products from manufacturer to consumer, create the necessary conditions for storage, efficient distribution and sale of products," Sultanov explained.

"Reducing commodity losses will provide farmers with the opportunity to invest further in increased productivity,” he added.

Furthermore, the minister said, full direct access of a private manufacturer to sales markets and pre-sale trade infrastructure will significantly increase the income of both the private trader and the industry as a whole.

The creation of a national commodity distribution system is also expected to ensure a reduction in prices for socially significant food products by up to 45 percent.

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