Minister repeats assurance harvest will lead to cheaper wheat, flour

Minister of Food, Agriculture, and Light Industry
T.Badamjunai has asked people to be patient for just a few weeks for wheat and flour prices to fall after the
harvest. This year wheat is being grown on more than 350,000 hectares, an area
considerably larger than last year, and the harvest should be adequate to meet
domestic needs. He explained the need to import flour by saying that only a special type of wheat can be made into flour and in previous years there was
not enough Mongolian wheat with the required “stickiness”. However, this has
been taken care of this year.

Referring to the
recent wheat price increases despite the Government’s claims that supply met
demand, Badamjunai said this was a seasonal and short-lived phenomenon and the new crop
will see a fall in prices. However, he warned, even domestic prices will in
some way have to reflect international market rates.