President of Uzbekistan Shavkat Mirziyoyev has instructed additional measures to curb price increases ahead of the holy month of Ramadan, including organizing fairs with affordable food products.

Mirziyoyev emphasized that ensuring price stability in the domestic market is particularly important ahead of the holy month of Ramadan, which begins next week. He stated that during days symbolizing mercy, kindness, and gratitude, it is essential to prevent price hikes for basic food items.

The head of state ordered the organization of fairs with food products at reduced prices in farmers' markets and large shopping complexes.

At the meeting, it was reported that annual inflation in January was 7.2%, with 45% of the price increase attributed to food products, including 13% for meat. The need to address the fodder base to reduce dependence on meat imports was noted.

As an example, the Mubarak district was cited, where 5,000 hectares of land have been brought into circulation and corn sowing has begun. This year, similar work is to be organized on an additional 60,000 hectares, which will create a guaranteed fodder base for an extra 350,000 head of livestock.

To improve small ruminant breeds, 100,000 sheep and goats were imported from Mongolia last year, and work in this direction will continue.

It was noted that last year's potato imports amounted to 772,000 tons. By 2026, responsible agencies and khokims (regional governors) have been instructed to ensure a harvest of 4.5 million tons.

The Center for Sectoral Markets and Labor Productivity under the Ministry of Economy and Finance has been tasked with proactively identifying internal and external inflationary risks and developing practical solutions. Its representatives will work in the ministry's regional departments, weekly analyze the situation in district and city markets, and forecast demand for key goods for the month, quarter, and year ahead.

It has also been instructed to quarterly form a balance of basic food products, taking into account existing capacities, warehouse stocks, and potential sources to cover deficits.

Source: kun.uz