The Cabinet of Ministers in Uzbekistan issued a resolution to introduce supervision over the export of fruits and vegetables, as published on Lex.uz on February 29. The aim is to prevent artificially low export prices and address issues related to the "shadow" economy. The resolution mandates the approval of a list of products subject to supervision and the establishment of a monitoring system for export contract pricing by May 1.
The Government Commission on Investment, Industrial Development, and Trade Regulation will compile the list of supervised products. The Chamber of Commerce and Industry will endorse recommended minimum export prices for these products. Monitoring of global fruit and vegetable prices will be conducted by the Chamber, with assistance from the Ministry of Investment and Foreign Trade and the Agency for Quarantine and Plant Protection.
While exporters retain the right to negotiate export prices, any deviation from recommended prices exceeding 20% will trigger investigation by relevant authorities, including the Customs Committee, the Tax Committee, and the Department of the Prosecutor General's Office for Combating Economic Crimes.
In February, President Shavkat Mirziyoyev led a meeting aimed at tackling matters concerning the advancement of fruit and vegetable cultivation and the broadening of the food supply chain in Uzbekistan. The meeting delineated objectives for the ongoing year, aiming to elevate agricultural product exports to $3.5 bn. This entails a strategic boost in the cultivation of fruits, vegetables, pulse crops, grapes, and leguminous products.
Earlier Daryo reported that Uzbekistan's export of fruits and vegetables surged significantly compared to the previous year. As per to Statistics Agency data, 146,300 tons of these products were exported in January 2024, totaling $75.4 mn in value.
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