63.2 Percent of Milk and Dairy Products Domestically Sourced
At the meeting of the Standing Committee on
Industrialization Policy of the State Great Khural on the 9th of this month, we
heard information about the implementation of Resolution No. 07 of 2022,
"On Giving Directions to the Government," to support the production
of domestic milk and dairy products and increase the Government's support to
the sector.
The information was presented by Deputy
Minister of Food, Agriculture, and Light Industry M. Gankhuleg. In his
presentation, he reported that 63.2 percent of milk and dairy products are
sourced domestically, and the rest is imported from abroad. He mentioned that
efforts are being made to increase and continue providing incentives for milk.
Initially, the milk incentive applied only to cow's milk, but starting from
November of last year, it has been extended to all types of milk. As of today,
MNT 1000 is given for 1.0 liter of milk to 24 factories and workshops in 10
aimags. As part of the "Food Revolution" program initiated by
President of Mongolia Khurelsukh Ukhnaa, 22 types of equipment for the
production of milk and dairy products were exempted from customs duties. In
2023, working capital and investment loans in the food industry were granted to
more than 1,800 enterprises through 10 commercial banks. A total of MNT 5.6
billion has been allocated to 49 citizens and enterprises out of the budgeted
MNT 34 billion for five-year loans with a 6.0% interest rate for the purpose of
establishing intensive dairy farming. Additionally, loans totaling MNT 18.8
billion were granted to eight enterprises for the construction of baby milk and
formula processing plants.
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