Mongolia’s Meat Producers Union held a press conference on Wednesday to discuss meat prices and the meat reserve. Union President L.Ganpurev, Makhimpex LLC Executive Director N.Budragchaa, and Baatruud Tenger LLC Director M.Tumurbaatar took part.

The officials said 1,300 tons of reserved meat has sold in the capital, and there is 10 tons remaining. The union may decide to reserve another 10 tons of meat to hedge against rising meat prices in the spring. Twenty producers supplied the reserved meat to Ulaanbaatar supermarkets.

L.Ganpurev said a kilo of reserved meat costs MNT 3,729, but is being sold for between MNT 2,400 and MNT 3,700. He said livestock costs have increased from 20 to 30 percent, and the Government has not adequately compensated the producers.

N.Budragchaa suggested that reserved meat should be sold to low-income citizens and khoroos could arrange that.