1 MONGOLIA'S AUTOMOTIVE GASOLINE IMPORTS INCREASE BY NEARLY 39 PERCENT WWW.XINHUANET.COM PUBLISHED:2017/11/19      2 HARUMAFUJI-FUNDED MONGOLIAN SCHOOL DAMAGED WWW.NHK.OR.JP PUBLISHED:2017/11/19      3 FITCH REVISES OUTLOOK ON MONGOLIA TO POSITIVE; AFFIRMS AT 'B-' WWW.FITCHRATINGS.COM PUBLISHED:2017/11/18      4 NORWAY'S STATE FUND 'NEEDS TO DROP OIL AND GAS INVESTMENTS' WWW.BBC.COM  PUBLISHED:2017/11/17      5 BASIC GUIDELINE APPROVED TO DEVELOP ULAANBAATAR IN 2018 WWW.MONTSAME.MN  PUBLISHED:2017/11/17      6 GOBI DESERT SEES WORLD'S LONGEST TRAFFIC JAM WWW.NEWS.MN PUBLISHED:2017/11/17      7 AUTOMATED FORGING LINES FOR MONGOLIAN METALLURGICAL PLANT WWW.NEWS.MN  PUBLISHED:2017/11/17      8 SOUTH CHINA COASTAL CITY TO HOST ETHNIC MONGOLIAN CARVINAL WWW.NEWS.XINHUANET.COM PUBLISHED:2017/11/17      9 2018 MONETARY POLICY DIRECTION ADOPTED WWW.MONTSAME.MN  PUBLISHED:2017/11/17      10 COMCAST, VERIZON APPROACHED TWENTY-FIRST CENTURY FOX TO BUY SOME ASSETS: SOURCES WWW.REUTERS.COM PUBLISHED:2017/11/17      НЗДТГ: ИРГЭД САРЫН ТҮРЭЭСИЙН 300 МЯНГАН ТӨГРӨГӨӨ ТӨЛӨӨД 15 ЖИЛИЙН ДАРАА БАЙРАА ӨМЧЛӨХ БОЛОМЖТОЙ БОЛНО WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2017/11/17     ERDENE RESOURCE DEVELOPMENT: ХАЙГУУЛЫН АЖИЛД ЗАРЦУУЛСАН ХӨРӨНГӨ 28 МЯНГАН КАНАД ДОЛЛАРААР НЭМЭГДСЭН WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2017/11/17     11-Р САРЫН 16-НЫ ӨДРИЙН АРИЛЖААНЫ МЭДЭЭ WWW.MSE.MN  НИЙТЭЛСЭН:2017/11/17     ЗАРИМ АЖ АХУЙН НЭГЖИЙН ТЭСЭЛГЭЭ ХИЙХ ТУСГАЙ ЗӨВШӨӨРЛИЙГ ХҮЧИНГҮЙ БОЛГОЖЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2017/11/17     ТӨРӨӨС МӨНГӨНИЙ БОДЛОГЫН ТАЛААР 2018 ОНД БАРИМТЛАХ ҮНДСЭН ЧИГЛЭЛИЙГ БАТАЛЛАА WWW.DNN.MN  НИЙТЭЛСЭН:2017/11/17     ДНБ 5.8 ХУВИАР ӨСӨХӨД ТАТВАРЫН СУУРЬ БААЗ НЭМЭГДСЭН НЬ НӨЛӨӨЛЖЭЭ WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2017/11/17     МОНГОЛБАНК ИНФЛЯЦИЙГ 8 ХУВЬД ТОГТВОРЖУУЛНА ГЭВ WWW.MONTSAME.MN  НИЙТЭЛСЭН:2017/11/17     ХУВЬСАН ӨӨРЧЛӨГДӨЖ БУЙ НҮҮРСНИЙ ЗАХ ЗЭЭЛД МОНГОЛ УЛСЫН ГҮЙЦЭТГЭХ ҮҮРЭГ WWW.MONGOLIANMININGJOURNAL.COM  НИЙТЭЛСЭН:2017/11/16     ҮСХ: НҮҮРСНИЙ ЭКСПОРТ АРАВДУГААР САРД ӨСӨЛТТЭЙ ГАРАВ WWW.MONGOLIANMININGJOURNAL.COM  НИЙТЭЛСЭН:2017/11/16     “АЙТҮҮЛС” ХК-ИЙН ХОЁРДОГЧ ЗАХ ЗЭЭЛИЙН АРИЛЖАА 2017.11.16-НД ЭХЭЛНЭ WWW.MSE.MN  НИЙТЭЛСЭН:2017/11/16    

Mongolia's president urges financial, policy support to boost food exports www.reuters.com

ULAANBAATAR, Sept 13 (Reuters) - Mongolia could “multiply” food exports to its southern neighbour China but needs to offer more financial and policy support to enable its producers to compete, the country’s president said in a speech.

Thinly-populated Mongolia, sandwiched between Russia and China, is trying to ease its economic dependence on mining after a collapse in commodity prices sent its economy into a tailspin last year.

But President Khaltmaa Battulga said at a forum on food security in Ulaanbaatar on Tuesday that Mongolia was not doing enough to protect agribusinesses, and should raise import taxes and provide more credit to the sector.

“Mongolian food producers use only 30 percent of their capacity, and the government doesn’t move its fingertips to support them,” he said.

Under Mongolia’s parliamentary system, the prime minister is the head of the government while the president can veto legislation and propose his own policies.

Battulga, a populist businessman elected in June, owns stakes in Mongolian food processors Mahimpecs and Talkh Chhikher.

Battulga went on to say that only 1 percent of Mongolian land is used for farming, but if favourable policies pushed that to around 3 percent, the country could become an exporter of healthy, organic wheat or potatoes.

He said Russia and China both levied high rates of tax on food imports, leaving Mongolia at a disadvantage, and local producers have also struggled to get loans.

Mongolia, traditionally a pastoral economy, has potential meat surpluses, with a population of 3.1 million people and over 70 million heads of livestock.

Beef imports into China are expected to increase as wealthier urban Chinese purchase more meat, with the country’s own herds likely to be limited by land and water constraints.

However, Battulga said Mongolia exported only 4 tonnes of beef to China in 2016 and has done nothing to address problems raised by China about the prevention of livestock diseases.

Gombo Nyamjargal, assistant representative of the U.N. Food and Agriculture Organization in Mongolia, said the country’s meat export business has been held back by animal health issues and hygiene requirements, as well as a lack of trade agreements.

The International Monetary Fund (IMF) pushed Mongolia to diversify its resource-based economy as part of a $5.5 billion rescue package agreed earlier this year.

Agriculture accounted for 11.7 percent of Mongolia’s total gross domestic product in 2016, second only to the mining sector’s 20 percent. However, agriculture is vulnerable to desertification as well as long freezing winters known locally as dzuds.



Published Date:2017-09-13