Announcement

Collapse
No announcement yet.

Brandy Production To Fall By 30% In 2009 In Armenia

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Brandy Production To Fall By 30% In 2009 In Armenia

    BRANDY PRODUCTION TO FALL BY 30% IN 2009 IN ARMENIA

    ArmInfo
    2009-11-16 16:14:00

    ArmInfo. Brandy production in Armenia reduced much and by the results
    of 2009 it will fall by 30% in 2009 instead of the expected 55-60%,
    chairman of Armenian wine producers' union, Avag Harutyunyan, said
    at today's press-conference.

    He also added that activation of the production and sale rates by
    10-15% may be expected on the threshold of New Year. He also said
    that 93-94% of the brandy produced in Armenia are exported to the
    CIS countries, and 97% out of this number - to Russia. But because of
    the world financial crisis the demand for this production has reduced.

    Harutyunyan said that in 2009 grape was purchased for cheaper price
    from the farmers, thanks to which prime cost of brandy may reduce.

    'The prime cost of brandy production in 2-3 years may reduce and wine
    factories may cut prices. The negative affect of the world crisis
    at the Armenian brandy production is ending gradually and the market
    is reviving', - he said. As for the wine production, the crisis has
    not affected it, as wine is almost not exported and is sold in the
    republic in small number, he said.

    To note, according to the statistical data, brandy production in
    Armenia in Jan-Sept 2009 reduced by 40,4% - to 6801 thsd litres if
    compared with the similar period of 2008. The wine production has
    grown by 12,7% - up to 2330,7 thsd litres.
Working...
X