Kyrgyzstan takes steps to control wheat prices

Kyrgyzstan takes steps to control wheat prices

Sargodha : Pakistan | Apr 07, 2011 at 11:23 PM PDT
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BISHKEK – As wheat prices soar to new highs, Kyrgyzstani authorities are taking steps to secure uninterrupted bread and flour supplies for citizens and prevent further price hikes.

Bread is the basic food product in our family,” said Eliza Mambetakunova, 42, of Krasnaya Rechka in the Issyk-Ata District, Chui Oblast. “We can do without meat, cereals and vegetables for a while, but we can’t live a single day without bread.”

Since February 25 the price of a 400g loaf of bread has gone from 11-12 KGS (US $.23-.25) to 13-16 KGS ($.27-.34), an increase of 15-30%.

Similarly, a 1kg loaf has gone from 30 KGS (US $.63) to 33-35KGS (US $.70-.74), a 15% increase.

The price increases are hurting bakeries as well, said Akbar Atakeyev, head of Kyrgyzstan’s Bakery Association, after a February 22 meeting at the State Antimonopoly Agency. He said bakeries today earn only 0.14 KGS (a third of 1 US cent) per loaf when paying KGS 27 (US $0.58) per kg of flour.

shan_pk_2010yahoocom is based in Sargodha, Punjab, Pakistan, and is a Stringer on Allvoices.
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