Meat price stabilization is backed

The Central Bank of Mongolia has completed financial backing for meat price stabilization and the meat reserve program.

Erdmiit Company is the latest of four that has been granted a 5.4 billion MNT loan by Khaan Bank.

The Central Bank of Mongolia and the Government of Mongolia jointly launched the sub-program “Primary Products Price Stabilization” from October 26th.

One part of the program, the “forming flour reservoir and price stabilization” sub-program, is in the pre-selection stage and contract negotiations are in process.