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Bakytzhan Sagintayev instructed to suppress cases of illegal food prices increase

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by December 12, 2016 Key Issues

“We discussed the issue of control over the price increase in September and today’s report shows that some work has been done. Askar Isabekovich (Deputy Prime Minister of Kazakhstan – Minister of Agriculture Askar Myrzakhmetov � agency’s note), based on the performance of market participants it is necessary to take into account their opinion,to look again, and it will be possible to make out approaches in the form of appropriate decisions. In this case, we are not talking about the fact that the Government closes the market mechanisms. However, if there are conditions for the creation of monopolistic high prices, we should be given the tools that we have within the framework of anti-monopoly legislation, to suppress them,” B. Sagintayev said.

It should reminded that a number of measures to avoid unjustified price increases for socially important goods were proposed during the Government meeting. Thus, it is proposed to legislate the size of limiting trade margins in the implementation of socially important food products in retail and wholesale trade, as well as actively engage the general public to monitor and detect inconsistencies of the actual retail price “recommended.” In addition, it is proposed to simplify the existing procedure of work for food stabilization funds in the regions.

Source: The Prime Minister of Kazakhstan

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