The government will buy grain from the stock exchange for reserves

In the near future, the government of Uzbekistan will begin to buy grain for the state reserve, only from the stock exchange.  This was announced today, 11 May, at a meeting chaired by the president of the Republic of Uzbekistan Shavkat Mirziyoyev on measures to improve the efficiency of transformation processes in grain farms.
“All governors (khokims) must understand one thing.  Why are we taking farmers to the stock market?  If farmers take part in the stock exchange and sell grain on their own, their income will increase, and they will be satisfied with the results of their work.

In the future, grain purchasing for the state reserve will be purchased only on the stock exchange,"-the president said in the meeting.

At the meeting, officials were instructed to register farmers and wheat clusters on the stock exchange within two weeks and to provide training through brokers.  This will free farmers from exchange fees for the 2022 wheat harvest.

“In total, 7.6 trillion som will be allocated for the grain harvest this year.  A daily control system will be introduced on ensuring the full, fair and transparent operation of the new system, timely and complete delivery of funds to farmers and clusters, prevention of shortages and increase in prices.

For these, a Republican staff will be established under the authority of the attorney-general. Regional headquarters will be headed by regional governors and prosecutors”, –President Mirziyoyev said.

It should be recalled that at the meeting the president declared that from 1 July of the current year, farmers and clusters will begin to sell their wheat on the stock exchange.