Daily Business News Mongolia

55% of Harvesting work is completed

55% of the harvesting work in Mongolia has completed, according to the report to the Ministry of Food, Agriculture and Light Industry. More precisely, 113 thousand tons of grain was harvested and over 90% of the total vegetable plantation. Really short time is left for the harvest. Because, weather is getting worse and cold from October 7th. 8 of 14 aimags completed their harvest. Mostly Darkhan-Uul, Orkhon and Khentii aimags are lagging in their harvesting.

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Shall each goat will be compensated?

Today the State Great Khural will discuss about the compensation for goat. Cashmere price is decreased and it will affect living of herders. Therefore, the State Great Khural the resolution to buy with 30-32 thousand MNT for 1 kilo cashmere, was adopted in May 2008. The cashmere buying 10 billion Fund is allocated at the Trade and Development Bank of Mongolia. Unfortunately, no companies wanted to buy cashmere over 30 thousand MNT and this plan was stopped. (more…)

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MP Sh.Saikihansambuu: State shall seek apology and stop throwing money

The draft resolution to distribute money for the goat herders as the difference of the cashmere price subsidy, during the Budget Standing Committee Meeting of the State Great Khural. But new MPs didn’t like the draft resolution of the previous MPs which was the election “show”.
As B.Dolgor, the Head of the Cabinet Secretariat, presented, 10 billion MNT from the Mongolia Development Fund to buy discounted cashmere wool from herders and select three cashmere producing factories out of 10 factories to distribute 8 billion MNT. But any factory took loan to buy cashmere. Basically, in the draft resolution, the Government of Mongolia is planned to allocate 30.5 billion MNT from the Mongolia Development Fund, literally 5000 MNT per each goat. But the situation is critical now. Price of 1 kilo dehaired cashmere was decreased from 70US$ to 60US$ in the foreign market.  (more…)

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Water protectionists summoned in Mongolia

Mongolia is one of the 20 countries where the drinking water reserve is low. Water consumption of Mongolia was 200 million cubic meters in 1970s, but it reached 400 million now. But 237.2 million cubic meter drinking water is used for industrial purpose and population consumption is 71.35 cubic meters. Also technical report was grated to 70 entities in 13 aimags and these entities will use 104.2 million cubic meters drinking water. 4.58% of it is surface water and 95.42% is artesian water. (more…)

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Harvest Rate is only 15%

The State Harvest Committee meeting was held at 15.00 yesterday. Mr. T. adamjunai, the new Minister for Food, Agriculture and Light Industry, has started his very first work as the minister. All the deputy ministers and the heads of Mongolain Railway, Authority of Emergency and Meteorological Insititute.

During the meeting, Mr Ch.Perenlei, head of the strategy and policy making department, reported about the current situation of harvesting. He reported that this year, Mongolia will harvest 200 thousand tons of grain.It will provide 49% of total supply of wheat, 100% of potato, 50% of other vegetables. It was the result of good weather, machinery, grain and soft loan. (more…)

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Russia: PAVA exported 31.600 tonnes of flour in 2008

PAVA company is increasing its developing rates for the foreign market. During the first eight months of 2008, PAVA exported 31.600 tonnes of flour on the foreign market, or 83.9% of planned volumes to be exported in 2008, according to the company.

Further, PAVA has contracts with 13 countries including Mongolia, Tajikistan, Afghanistan, Kyrgyzstan, Turkmenistan, Uzbekistan, Somalia, Ethiopia, North Korea, Bangladesh, Thailand and others for continuing exports.

SOURCE: Agrimarket Consulting

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Only 3.1 percent of flour shall be imported for the next year

A tentative balance on fall harvesting has been released. The state plans to collect 196.5 thousand tons wheat of which 37.5 thousand tons shall be stored for the next spring plantation. It is planned to supply 1.8 thousand tons wheat to state resource, 5000 and 9000 to the foundation for supporting plantation for seeds, 10.5 thousand for spirit plants, 4.4 thousand for feeding and 128.1 thousand tons wheat for flour plants.
Ten tons of wheat shall be supplied by Japanese aid and Mongolia shall accumulate wheat resource of 267.2 thousand tons wheat adding those to be imported from Russia, China and Japan. 100 thousand tons wheat shall be imported from Russia and 20 thousand tons shall be bought from China at discount charge in order to meet the flour needs of the population in 2009. Only 85.5 percent of flour shall be produced with 267.2 thousand tons wheat. According to the estimation, Mongolia could supply 96.9 percent of flour in the coming year and remaining 3.1 percent shall be imported.

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This year, plantation covered over 190 hectare arable land

Mongolia has a plan to harvest over 200 thousand tons of grain and wheat. As for the spring, over 190 thousand hectare arable land was used for the plantation and “the third campaign of the arable land”, implemented by the Government boosted the plantation and agriculture. According to the plan and prognose, over 200 thousand tons of grain and wheat, over 140 thousand tons of potato, over 80 thousand tons of vegetable. (more…)

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