THE INCREASE OF FLOUR PRICE IN ARMENIA IS AGREED WITH THE LACK OF WHEAT HARVEST IN THE INTERNATIONAL MARKET
ARMENPRESS
JULY 29, 2010
YEREVAN
YEREVAN, JULY 29, ARMENPRESS: The increase of flour price in Armenia
is agreed with the lack of wheat harvest in the international market.
Minister of Agriculture Gerasim Alaverdyan said today at a news
conference after the session of the government that the volume of
wheat harvest has notably reduced this year.
“Market decides the price, if the demand of product increases,
naturally the price will grow. Of course, it does not mean that the
price may continuatively grow. Currently we are conducting monitoring
in the market, cooperating with the RA State Commission for the
Protection of Economic Competition to see the issues,” Alaverdyan
said. He noted that according to the UN report, about 40% of growth
of wheat price is expected in the world.
Armenia mainly imports flour from Russia, Kazakhstan and Canada.
From: A. Papazian
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