The LS website told how the Ministry of Agriculture of Kazakhstan is working on reduction of the meat prices. The Kazakhstan Ministry of Agriculture reports about the beef prices increase by 7.1% from the year beginning.

So, according to data from the Ministry, on October 15, prices on beef chuck and blade cuts grew in average by 7.1%, to 1.9 thousand tenge per kg. From the October beginning beef prices increased by, 0.1%. According the Kazakhstan Ministry of Agriculture meat product prices are directly set by entrepreneurs, taking into account overall costs on production, storage and transportation, as well as market demand/proposal. Akimats, in their turn, approve the maximum permissible prices level at retail for socially significant goods. Also, Kazakhstan has a state program of the agro-industrial complex, which allows reducing the cost and increase the share of local production.

The Ministry of Agriculture also sets its task in 2020 to reduce the share of livestock product imports in particular poultry and dairy products, and to increase exports of processed livestock products.

The Ministry of Agriculture especially emphasized the state's support for domestic agricultural producers in programs to increase livestock production, in particular, the state reimbursed for the implementation of investment projects, the acquisition of equipment and farm machinery, as well as during compensation rate decline.

In 2020, the Kazakhstan government allocated 97.3 billion tenge for livestock development subsidies programs, of which 10.5 billion tenge were additionally allocated from the republican budget as part of anti-crisis measures. The ministry is also working on projects for the construction of 32 dairy farms and modernization of 43 family farms. In 2020, it is planned to bring into operation two meat processing plants with a capacity of 20 thousand Mt per year in Nur-Sultan and the Kostanay region, five meat processing facilities with capacity of 103 thousand Mt will be built, two more meat processing facilities with capacity of 103 thousand Mt will begin to operate in 2021 and two more in 2022. This will create 1 thousand jobs, 400 billion tenge was also allocated for preferential loans under the "Economy of Simple Things" program, as well as investment subsidies for the creation and expansion of livestock production and processing facilities.

Source: LS