Flour price rise being probed

Vice director of Clean Competition Department J.Dorjpalam talks about flour prices.

Why did the price of flour rise so suddenly? Did it have anything to with the fuel price?

It is too early to say. We have set up a working group to study the issue and your question can be answered only after it submits its report.

People are blaming your organization for failing to stop the plot of traders to raise the price...

Our job is to monitor the price of food and other products. People are wrong if they they expect us to go to retail or wholesale markets to see higher prices are not charged. We now have a market economy where the laws of the market will determine prices. WE come into the picture if there is any plan to manipulate prices without any legitimate market pressure. We once fined oil importers and on another occasion audit companies that had plotted to charge more.

Will flour companies be fined the maximum MNT250,000 if you find they raised prices artificially?
This maximum amount has been changed to six percent of the offending company’s annual income but the new law is yet to take effect.