Mongolians spend money mostly on food products during the New Year celebration.

According to the latest statistics, one Mongolian household spends an average of MNT 297,590 (about USD 109) on food per month. When the New Year celebration approaches, the spending per household on food increased to MNT 340,456 (USD 125).

Sales of some food products such as cakes, champagne and tangerines surged dramatically in December.

As the New Year is one of the most important holidays for nomadic Mongolians, they believe that plenty of food and drinks symbolize a prosperous life in the coming year.