Ulaanbaatar, September 4, 2025 /MONTSAME/. “The Eurasian market, with a population of 183 million, is open to Mongolia’s agricultural sector. We have the opportunity to introduce our products there. The agricultural sector must continue to shoulder a significant share of the economic burden,” highlighted Prime Minister of Mongolia Zandanshatar Gombojav during his visit to Darkhan-Uul aimag, where he reviewed the operations of the Ministry of Food, Agriculture and Light Industry (MoFALI) and its affiliated agencies and met with officials.

Head of the Department for Coordination and Implementation of Crop Farming Policy of the MoFALI, D. Yesun-Erdene, noted that working capital and investment loans have been provided through commercial banks for crop production, food processing, and livestock farming. He added, “With the Government’s decision to subsidize 10 percent interest rates, a model integrating crop production and livestock farming has been created to develop food and agriculture into a backbone sector of the economy.”

Head of the Light Industry Policy Implementation Coordination Department, M. Dondogdorj, underlined that concessional loans are being extended to increase capacity and support the operations of wool, cashmere, and leather processing industries. “Within the framework of the ‘White Gold’ national movement, 6,000 tons of cashmere have been procured, enabling domestic producers to process about 70 percent of total raw materials. As a result, the production capacity of the wool, cashmere, and leather industries has doubled,” he emphasized.

Within the framework of the “Food Revolution” national movement, more than 2,525 individuals and enterprises engaged in crop production, livestock farming, and food processing industries have received concessional loans amounting to MNT 1.26 trillion. Consequently, 25 new food processing plants have been commissioned, 22 have been expanded, and 22 have upgraded their equipment. Last year, storage capacity increased by 15 percent, threshing facilities by 7 percent, and cultivated land by 13 percent. As a result of the program, producers have expanded their product range by 37 percent and created about 2,500 new jobs.

Prime Minister Zandanshatar underlined that relocating MoFALI to Darkhan-Uul aimag has proven to be a correct decision. He added, “Livestock farming, crop production, and small and medium enterprises must develop in an integrated manner. Agriculture played a key role in Mongolia’s 5.6 percent economic growth in the first half of this year. Since the agricultural sector generates the most employment, diversifying and further developing it will remain a priority goal of the Government.”