Wheat harvest sufficient enough to cover domestic flourEconomy
Ulaanbaatar /MONTSAME/ According to the harvest balance records by the Ministry of Food, Agriculture and Light Industry, Mongolia harvested more than 450 thousand tons of wheat this autumn, which will fully cover the domestic flour consumption for one year.
In the meantime, our neighbor in the North has harvested some 120 million tons of grains, of which 75 million tons are wheat. Russian side intends to export 30 tons of wheat. Experts say this year’s wheat balance on the global market has seen a surplus.
On the global market, a ton of wheat is being sold for USD 150, whereas, in Mongolia, the price is fluctuating from MNT 400 to 440 depending on the product quality.