Future of Price Regulation Discussed in MART
In a recent press conference, representatives from MART, a regulatory body, discussed the adjustments made to Decree No.713, a tool used for regulating commodities in the country. The adjustments have been made multiple times, with the latest one, Decree No.713-6, being adopted in April 2025.
Deputy Head of the Analytical Department of MART, Anastasia Kasymova, stated that Decree No.713 is a flexible tool, designed to respond to the evolving consumer market situation. The latest adjustment reduced the list of regulated goods by 120 positions, leaving 211 commodity groups.
The changes in Decree No.713-6 have led to price increases in certain sectors, such as meat, dairy products, and certain confectionery items. However, Kasymova reassured consumers that MART specialists take the consumer market situation into account when making decisions about regulation and changes.
In an effort to ease the burden on producers, certain easements were introduced in Decree No.713-6. This allows producers to independently increase wholesale prices without seeking permission from a special commission in some cases.
The decisions made by MART specialists are influenced by the consumer market situation and the flexibility of Decree No.713. Kasymova emphasised that the regulation and changes in the specified sphere will continue to be adjusted based on the evolving situation and as needed.
It is important to note that while MART is responsible for regulating commodities in the country, other regulatory bodies, such as the Commodity Futures Trading Commission (CFTC) in the US, do not directly set or regulate prices for commodity groups. Instead, they focus on ensuring market integrity and protecting against manipulation in derivatives markets.
Overall, the adjustments made to Decree No.713 by MART specialists are aimed at responding to the consumer market situation and ensuring a fair and stable market for commodities in the country.
The adjustments made to Decree No.713 by MART specialists are part of the policy-and-legislation that govern business operations within the country's commodities sector. This regulation and subsequent changes have an impact on the finance industry as they affect the pricing of goods, including meat, dairy products, and certain confectionery items. The evolving consumer market situation plays a significant role in the decisions made by MART, as Deputy Head of the Analytical Department, Anastasia Kasymova, emphasized. Beyond MART, regulatory bodies such as the Commodity Futures Trading Commission in the US focus on market integrity and protecting against manipulation in derivatives markets, rather than directly setting or regulating prices for commodity groups.
