Sugar Importers In Armenia To Be Inspected

SUGAR IMPORTERS IN ARMENIA TO BE INSPECTED

arminfo
Thursday, April 7, 20:29

The Monitoring Group of the State Commission for Protection of
Economic Competition (SCPEC) has registered upward trends in sugar
price recently.

According to the official website of the Commission, a decision was
adopted to launch inspections. The Commission will demand importer
and producer companies to report on their activity and substantiate
the rise of prices.

To note, the monopoly importer of sugar in Armenia are the companies
of Samvel Aleksanyan, a businessman-parliamentarian, who also built
a sugar production company in Shirak region and even launched export
of this program earlier this year.

Earlier in February Armenian Prime Minister Tigran Sargsyan promised
to use all levers to ensure stability in the consumer market and stop
discriminations in the sugar market.

In the meanwhile, the “silent” mess around the sugar prices is
continued. There are rumors that sugar price may total 2 dollars
per kg.

In 2010 sugar import in Armenia totaled 97.7 thousand tons, which
was 50.8% higher than a year ago.

From: A. Papazian