ARMENIAN GOVERNMENT TO SUPERVISE SITUATION ON FOOD MARKETS
ARKA News Agency
Oct 25 2007
Armenia
YEREVAN, October 25. /ARKA/. The RA Government will supervise the
situation on the country’s food markets to prevent an artificial
price rise, RA Vice-Premier, Minister of Territorial Administration
Hovik Abrahamyan stated at the RA Parliament.
"We will be consistent in settling this issue to prevent an artificial
price rise," he said.
According to Abrahamyan, the problem of sugar has been resolved and
the product is sold at 220-270 AMD for a kilo.
Abrahamyan pointed out that the excitement on the sugar market was
aroused by retail traders. As regards the rise in prices for butter,
vegetable oil and for baked goods, Abrahamyan said that 50 economic
entities have been fined and the issue will remain in the center of
the RA Government’s attention.
Recent rumors about the rise in sugar prices caused the population
to buy sugar in large amounts. As a result, the price for the product
reached 700 AMD ($2.3) for a kilo.
Chairman of the RA State Commission for Protection of Economic
Competition Ashot Shahnazaryan reported that the rise in sugar prices
was artificial in Armenia. He pointed out that Armenia has sugar
reserves for six months, and no changes in the pricing policy are
expected during one year.