Uzbekistan to roll out year-round food market intervention system to stabilize prices

The president said that in today’s rapidly changing environment, ensuring stable market prices and safeguarding food security must remain constant priorities.

“Indeed, we are stockpiling key food products for the autumn–winter period. From now on, this work will be carried out year-round, and a permanent intervention system will be introduced to maintain price stability,” the president said.

Market intervention in the food sector refers to the state’s involvement to keep food prices stable. To prevent sharp price spikes or excessive drops, the government releases products from strategic reserves or purchases them for storage.

Recently, new support mechanisms were announced for producers of forage crops, oilseeds and potatoes. In particular, next year farmers will receive loans from the Agriculture Fund equal to 50 percent of the value of their 2025 harvest, at an interest rate of 12 percent. Any portion of foreign-currency loan rates exceeding 8 percent will be covered by the state. Up to 50 percent of the loans will be guaranteed. Every year, more than 10 million virus-free potato mini-tubers will be produced in “in-vitro” laboratories and distributed free of charge to seed farms.

It was noted at the meeting that since the beginning of the year, food exports have grown by 37 percent to reach $3 billion, and by the end of the year this figure is expected to exceed $3.2 billion for the first time.