MONGOLIA CAN EXPORT 58 THOUSAND TONS OF MEAT

Ulaanbaatar /MONTSAME/ The Minister of Food and Agriculture and of Finance, and the Board of Directors of the Development Bank (DB) were assigned to resolve the working capital for loan worth MNT 180 billion, of which 100 billion to be dedicated to preparing meat for exports and 80 billion to forming a reserve of wheat and fodder. This was in frames of the implementation of the Program on Measures for Overcoming Economic Difficulties. In order to stabilize the flour supply and demand, the Cabinet also assigned the Minister of Food and Agriculture R.Burmaa to organize purchasing for State reserve the domestic productions of wheat and promoting national entities and farms. The related authorities estimated that Mongolia is capable of exporting 58 thousand tons of meat to other countries including Russia, China and Vietnam, and to supply 30 thousand tons for domestic consumption in 2015-2016. The domestic reserve preparation can be completed within three months from next December and February.