By the Decision of the State Committee on modernization of the economy of the RoK (State Committee) dated September 10, 2014, the duration of the memorandums on the measures on stabilization of the prices for the tinned loaf made of wheat flour of 1st sort and flour of 1st sort, is extended until the end of October this year.
We remind, that with the aim of stabilization of prices for bread and flour, by the Decision of the State Committee in February 2014 relevant memorandums were signed between the Ministry of Agriculture of the RoK, regional akimats, akimats of Astana, Almaty and the NC Food Contract Corporation JSC (Food Contract Corporation).
In pursuing these aims, the Food Contract Corporation has reserved 518 thousand tons of grain: 182 thousand tons from the state sales resources and 336 thousand tons from the commercial resources. Period of shipment of grain – from February 17, 2014 to August 2014.
At the end of implementation of the memorandums, as of September 1 of this year, 401,2 thousand tons of grain, or 77% of the volume provided, have been supplied to the regions. The remainder of grain not chosen by the regions totaled 117,5 thousand tons.
In this regard, to avoid the sharp jump in prices for the social bread before supplying the domestic market with the flour made of the new harvest, the State Committee has decided to extend the duration of the above-mentioned memorandums.
That way, in pursuing these aims in September-October this year, the Food Contract Corporation plans to send over 100 thousand tons of grain to the regions.