The decision of the regular meeting of the cabinet is presented.
D.Amarbayasgalan, Chief Cabinet Secretary, said, “The government should support domestic production. However, we should not create conditions for citizens to use products that are 2-3 times more expensive than the world market, just because they are protecting the interests of domestic production. The government agrees that the wheat and flour industry is strategically important, but the government does not agree that people are using expensive flour.
Currently, 600gr pastries are sold by MNT 9000 in rural areas and there is a need to lower the price increase affecting the citizens. Import tax on flour was exempted with the aim of creating fair market competition. In 2022, the government granted concessional loans of MNT 209 billion to flour companies. But the sales price of flour produced in one year was MNT 240 billion.
The decision of the regular meeting of the cabinet is presented.
D.Amarbayasgalan, Chief Cabinet Secretary, said, “The government should support domestic production. However, we should not create conditions for citizens to use products that are 2-3 times more expensive than the world market, just because they are protecting the interests of domestic production. The government agrees that the wheat and flour industry is strategically important, but the government does not agree that people are using expensive flour.
Currently, 600gr pastries are sold by MNT 9000 in rural areas and there is a need to lower the price increase affecting the citizens. Import tax on flour was exempted with the aim of creating fair market competition. In 2022, the government granted concessional loans of MNT 209 billion to flour companies. But the sales price of flour produced in one year was MNT 240 billion.