Central Bank of Uzbekistan: water shortage can lead to higher prices for meat and vegetables

Water scarcity will affect feed prices, which could lead to higher prices for MEAT and vegetables this year, the Central Bank of Uzbekistan said.

“Changing weather conditions (water scarcity in fields and pastures) observed since the beginning of this year may affect feed prices and the vegetable replanting process, which could put upward pressure on meat and vegetable prices,” it says. in a regulator's press release.

In order to minimize the impact of the above factors, it is necessary to stimulate competition in consumer markets, expand markets and trade networks, increase the opportunities for growing and producing basic food products, and allocate the necessary land and water resources for planting food crops.

It is noted that in the current situation and expected economic conditions, the current level of the main rate of the Central Bank is sufficient to ensure optimal monetary conditions to achieve the inflation forecast for 2021.