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Kazakhstan sets fixed prices for bread wheat

17 February 2014 17:04 (UTC+04:00)
Kazakhstan sets fixed prices for bread wheat

The Kazakh government has set fixed prices for bread wheat, Prime Minister Serik Akhmetov said at a meeting in Astana on February 17.

He said ways of preventing a price hike for bread were discussed at the state commission's meeting last week.

"A decision was adopted to provide the regions' flour mills with food grain from state resources at fixed prices. We have determined the price at 30,000 tenge ($1=184.51 tenge) per ton of food grain," Akhmetov said.

The National Bank of Kazakhstan earlier declared the devaluation of tenge at approximately by19 percent. President Nursultan Nazarbayev issued an order at the government meeting on Feb.14 measures to prevent the price hike for socially important foods.

During the meeting, Akhmetov also emphasized the necessity of ensuring the stability of prices for the main types of foods and socially important goods such as lubricants and pharmaceuticals,, as well as to prevent product shortage and unjustified growth of tariffs for monopolists. Additionally, tariffs for communal services will be frozen until May 1 in Kazakhstan.

"Concrete measures have already been determined and now it is time to implement them and establish tight control over their application," the prime minister noted.

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