BAKU, Azerbaijan, Mar.2
Trend:
The volume of stabilization funds' stocks isn’t sufficient to curb prices, Kazakhstan’s Trade and Integration Minister Bakhyt Sultanov said at the government’s meeting, Trend reports referring to Kazinform.
"The volume of the stocks is insufficient, that is, 25,400 tons were formed in the amount of 3.7 billion tenge ($8.8 million). Their interventions amount to only 0.2 percent to 1.4 percent of total consumption. This practically doesn’t have a proper effect on prices," noted Sultanov.
Besides, according to him, the stocks of the stabilization funds themselves are being formed ineffectively.
"For example, in the Aktobe region in 2020, sugar prices showed the highest growth (56.9 percent), followed by buckwheat grain (40 percent), sunflower oil (31.1 percent) and eggs (17.5 percent). At the same time, for the funds vegetables were purchased, the prices of which slightly grew during the year," the minister added.
“It’s necessary to revise the stabilization funds, concentrating means and efforts only on risky import-dependent goods,” concluded Sultanov.
