In a move aimed at safeguarding its domestic food supply and stabilizing market prices, Kyrgyzstan is set to ban the export of all categories of food wheat, and flour for a period of six months. The decision comes as the Ministry of Agriculture of Kyrgyzstan strives to address rising flour prices within the country and mitigate potential food shortages.
The Ministry of Agriculture has formally submitted the draft decision to impose the export ban, emphasizing the importance of securing the nation's food resources. As per officials, flour is a vital staple in Kyrgyzstan, and any shortage in the market could trigger a significant food crisis. The proposed export ban is seen as a proactive measure to avert such a scenario.
The concern over potential food shortages has been compounded by a recent rejection letter from Kazakhstan, which denied applications for the transit of food wheat and sugar through its territory to Kyrgyzstan. This denial has further emphasized the need for Kyrgyzstan to rely on its own food resources and reserves.
To address the looming crisis, the authorities of Kyrgyzstan are prepared to mobilize resources from the State Material Reserves Fund. However, the risk of cheap grain and flour being exported from the country remains a pressing issue. To counter this, the Ministry of Agriculture has put forth a proposal to ban the export of food wheat and flour entirely.
The Ministry's decision is underpinned by the belief that restricting exports will ensure the availability of affordable wheat and flour in the domestic market. Additionally, the ban is expected to stabilize prices and maintain food security in Kyrgyzstan during this critical period.
While the ban may have economic repercussions for exporters, it is seen as a necessary step to protect the well-being of Kyrgyzstan's citizens and prevent a potential food crisis.
Follow Daryo's official Instagram and Twitter pages to keep current on world news.
Comments (0)