The government also said it will continue subsidizing wheat to maintain current prices. This is expected to prevent large price increases in flour costs, which are passed along to consumers as higher priced bread. 

Mongolia’s actions follow large increases in grain prices worldwide. In many countries the cost of bread has greatly increased, resulting in fears of hunger and social unrest. 

Among the wheat that will have controlled prices includes some 100 tons of flour purchased from Russia.  

Mongolians consume 204,000 tons of wheat each year. The Russian wheat will be enough to maintain domestic supplies for five months, according to government sources. 

Be first to comment this article

Only registered users can write comments.
Please login or register.

Powered by AkoComment Tweaked Special Edition v.1.3.0